Hon Hai executive denies that the company is behind the Hope Bay downsizing
Taiwan News
Date: 2017/01/05
By: Sophia Yang, Taiwan News, Staff Writer
Taipei (Taiwan News) – A senior executive at Hon Hai Precision Industry on Thursday denied allegations
Hon Hai Precision Vice President Lu Fang-ming(By Central News Agency)
that the company was responsible for a sudden massive downsizing at much smaller Hope Bay Technologies Inc.
Taiwanese startup guru and Hope Bay Technologies Inc. CEO Ben Jai apologized early Wednesday to employees for the decision to downsize the organization after media reported that 80 percent of the staff to be axed ahead of the Lunar New Year, though the Google veteran did not give more details on the number of people affected.
Some media reports quickly associated the ‘partner’ mentioned in Jai’s post that triggered his downsizing plan and the halt of an unborn public cloud computing platform project to Hon Hai Precision Industry, the world’s biggest electronic device maker and also a key investor to Hope Bay, saying the conglomerate’s chairman Terry Gou was displeased with the startup’s performance, which led Jai to resort to downsizing to focus on more lucrative business. [FULL STORY]
