LeEco cuts 325 U.S. employees, will focus on Chinese-speaking consumers
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, once referred to as the "Netflix of China," made its debut in the United...