Australia Markets closed

Huawei to cut engineers in Australia and restructure after 5G ban

Fumi Matsumoto, Nikkei staff writer

Huawei Technologies is set to slash payroll in Australia after being shut out of the country’s 5G networks, a company executive told Nikkei. John Lord, chairman of Huawei Technologies (Australia), said the job cuts would take place over the next few years and would affect mainly engineers who the company