Chinese telecom giant Huawei cuts over 600 jobs following US Sanctions
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Chinese telecom giant Huawei told that more than 600 jobs would be lost at a US unit due to the curtailment of business operations caused by Washington's sanctions on the firm and 68 of its subsidiaries. Trump administration put Hauwei on 'Entity List', meaning US companies need a licence to supply it with US technology. The layoffs will be at Futurewei technologies located in Texas; Futurewei employs over 750 people.