ZTE Cuts 3,000 Jobs, Shares Drop Amid Restructuring
(Image Credit: iStockPhoto/Woodkern) Shares of telecommunications equipment maker ZTE fell after the company announced it would cut around 3,000 jobs amid weakening business investment and mounting pressure in its smartphone division. With many 4G network deployments largely complete and 5G still on the horizon, ZTE has seen a decline in equipment orders from carriers. Even … Read more