LeEco cuts 325 U.S. employees, will focus on Chinese-speakers
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. Sources told CNBC the company held Town Hall meetings in three separate U.S....