LeEco cuts 325 U.S. employees, will focus on Chinese-speaking consumers
http://www.cnbc.com/2017/05/23/leeco-la ... umers.html
LeEco confirmed on Tuesday that it will lay off the bulk of its U.S. workforce, as CNBC first reported Monday evening. According to CNET, the company is cutting 325 employees, or 70 percent of its workforce. LeEco did not immediately respond to CNBC's request for comment.
LeEco cuts most of US workforce as it continues its downward spiral
https://www.theverge.com/2017/5/23/1568 ... re-funding
LeEco slashes 325 jobs, layoffs hit San Jose workforce
http://www.mercurynews.com/2017/05/23/l ... workforce/
Besides LeSEE and funding Faraday Future. Someone reminded me they were also helping fund Atieva, now called Lucid Motors.
https://www.recode.net/2016/10/20/13341 ... h-december
(from Dec 2016):
Questions, however, remain about Atieva’s ownership and future. Its board and management remain conflicted about the direction of the company. Chinese technology company LeEco has a stake in Atieva, but also controls rival EV startup Faraday Future.
LeEco’s founder Jia Yueting announced today that Faraday Future would be unveiling its first production car at the Consumer Electronics Show in January, and that LeEco itself is moving forward with a semi-autonomous electric car called the LeSee Pro.