LeEco cutting its US workforce, plans to sell Silicon Valley headquarters
LeEco could add $10 million to the HQ's selling price if they paid to mow the lawn
It's no secret that LeEco, a Chinese technology and entertainment company, spent more than it should have in its expansion efforts and is having all kinds of trouble as a result. The brand, which sells a bunch of moderately priced smartphones, TVs, and accessories in the US, also maintains an HQ in Silicon Valley.
LeEco hasn't announced any sales numbers in the US, but you probably don't see too many people walking around with its handsets or accessories. The company isn't working with the US carriers and its marketing strategies are rudimentary, which diminishes its chances of competing, despite having solid deals on offer.
Still, the company is working on a new smartphone scheduled for an April 11 announcement, and has been steadily partnering with US retailers for distribution. So LeEco does do many things right, though spending too much money obviously isn't among them.
source: Reuters via Digital Trends
ALSO READ
FCC OKs Cingular\'s purchase of AT&T Wireless
Things that are NOT allowed: