China’s troubled LeEco said to plan cutting most of US workers

FILE PHOTO: LeEco's new Le Pro3 phone is on display during a press event in San Francisco, California, U.S. October 19, 2016. RETUERS/Beck Diefenbach/File Photo

Chinese technology conglomerate LeEco plans to lay off more than 300 employees in the US, reducing the headcount to about 50 people, according to a person familiar with the matter. 

The employees left at the whittled-down US business will service customers who have already purchased LeEco devices, the person said, asking not to be named because the cuts aren’t yet public.