Briefing

Huawei to slash jobs, research dollars in Australia

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The controversial Chinese telecom’s decision to cut 1,000 jobs and over US$72 million in R&D investments comes two years after the country banned both Huawei and ZTE from its 5G network. Huawei revenues in Australia will shrink to less than half their current levels because of the decision, according to Huawei’s chief corporate affairs officer Jeremy Mitchell. (Australian Financial Review)

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