The smartphone market remains as competitive as ever and tough times call for tough measure. According to industry sources, ZTE is preparing to shed some 3,000 jobs after seeing a drop in its share of the Chinese handset market.
Allegedly, ZTE plans to cut around 10 percent of its handset workforce in China, which equates to around 600 jobs. A manager at one of the company’s overseas branches also states that his department will lose around 10 percent of its staff by the end of January as well, so the cuts appear to be widespread.
The news compounds recent troubles for ZTE. The US Commerce Department has been holding off on a ban on exports from US [...]