Job cuts and cash burn: LeEco's India journey not so smooth anymore

Burning its cash reserves too fast has been cited as a key reason for Le Eco's troubles

Chinese electronics major Le Eco’s journey in India has taken a hit. The firm’s top two executives here – Atul Jain and Debashish Ghosh –  left the company few weeks ago. And speculation is rife that LeEco is planning to exit the country as it recently fired a significant portion of its workforce here.

While the exact number of people Le Eco has fired in recent months is not yet clear, the company’s workforce now consists of 80 people in India. And its India operations are headed by Alex Li, after its chief operating officer Atul Jain was asked to