LeEco Lays Off Majority of U.S. Employees; Likely More Bad News for Faraday Future

China's Netflix equivalent, LeEco, confirmed it would be eliminating the better part of its North American workforce today. LeEco has recently gotten involved in a myriad of expensive tech-focused endeavors that have wound up screwing its finances six ways from Sunday. One of those projects was serving as the primary financial backer of America's Faraday Future, the […] The post LeEco Lays Off Majority of U.S. Employees; Likely More Bad News for Faraday Future appeared first on The Truth About Cars. from The Truth About Cars http://ift.tt/Jh8LjA