Hangzhou, October 13:슬롯 머신 사이트 추천Hikvision, a Chinese video surveillance technology company, will reportedly cut슬롯 머신 사이트 추천thousands of jobs슬롯 머신 사이트 추천due to슬롯 머신 사이트 추천business pressure under geopolitical and economic headwinds. The US-sanctioned company슬롯 머신 사이트 추천will reportedly lay off 1,000 employees from its research and development department in China. The CCTV camera maker reportedly denied any Hikvision layoffs and termed them as "adjustments".슬롯 머신 사이트 추천

According to a슬롯 머신 사이트 추천슬롯 머신 사이트 추천published by슬롯 머신 사이트 추천the South China Morning Post,슬롯 머신 사이트 추천the Hangzhou-based video surveillance슬롯 머신 사이트 추천camera maker said슬롯 머신 사이트 추천it was optimising its research슬롯 머신 사이트 추천workforce and also denied any large-scale layoffs.슬롯 머신 사이트 추천The company said that the Hikvision layoffs would be a part of the internal adjustment for R&D optimisation at its headquarters.슬롯 머신 사이트 추천Amazon Layoffs: CEO Andy Jassy Announces To Cut 14,000 Managerial Roles by Early 2025 To Save Up to USD 3 Billion Annually.

The슬롯 머신 사이트 추천report슬롯 머신 사이트 추천said that the layoffs will also impact the슬롯 머신 사이트 추천key cities in China. Hikvision reportedly adjusted some of its regional job settings accordingly. The company termed the Hikvision layoffs as "optimisation" to avoid any public attention, as Chinese law슬롯 머신 사이트 추천required companies that cut over 10%슬롯 머신 사이트 추천of their workforce to allow the labour authorities' intervention.슬롯 머신 사이트 추천

As of an annual report of 2023, Hikvision's workforce was 58,544, and슬롯 머신 사이트 추천the "adjustments" likely showed that the슬롯 머신 사이트 추천CCTV camera maker was going슬롯 머신 사이트 추천through difficulties related to US sanctions and China's slowed economy. HIkvision was previously alleged by the US government over human rights슬롯 머신 사이트 추천violations and blocked.슬롯 머신 사이트 추천

Hikvision Blacklisted슬롯 머신 사이트 추천Along With 26 Other Chinese Entities슬롯 머신 사이트 추천

The report said that in 2019, the Donald Trump administration included Hikvision,슬롯 머신 사이트 추천rival Dahua, and 26 other Chinese companies in the US Entity List. These슬롯 머신 사이트 추천Chinese entities were accused of complicity in human rights abuses of Uygur Muslims. Hikvision and others슬롯 머신 사이트 추천were blocked from buying components in the United States without getting approval from Washington.슬롯 머신 사이트 추천However, the company "strongly opposed" the allegations.

In 2022, the US FCC banned Hikvision, Dahua, Huawei Technologies, and other leading Chinese companies from selling equipment in the country without authorisation.슬롯 머신 사이트 추천The United States government said these companies posed an "unacceptable" risk to national security.슬롯 머신 사이트 추천Boeing Layoffs: Aviation Giant To Lay Off 17,000 Employees, 10% of Its Workforce in Coming Months To Stay Competitive.

Besides the ban, the Chinese video surveillance agency has been experiencing a difficult period for a few years due to the global economy and politics. Hikvision said that these resulted in deglobalisation, a pandemic of inflation, and regional conflicts.슬롯 머신 사이트 추천

(The above story first appeared on LatestLY on Oct 13, 2024 02:37 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).