FILE PHOTO: Jia Yueting, co-founder and head of LeEco, uses a computer on a staff's seat as he poses for a photo after a Reuters interview at LeEco headquarters in Beijing, China, April 22, 2016. REUTERS/Jason Lee/File Photo
SAN FRANCISCO: Cash-strapped Chinese tech firm LeEco confirmed that it is throttling back plans to invade the US market, cutting 325 jobs months after announcing a major expansion.
The layoffs were reported represent about 70% of the company’s US staff.
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