Although it seems that the sector of the market related to the world of drones is in enviable health, the truth is that it is so new and can be so heterogeneous at times that all companies must walk with lead and evaluate very well your short-term objectives to achieve being true references. One of the big companies that seems to be having a hard time is Yuneec, a well-known Chinese manufacturer that just announced new layoffs.
Apparently and according to rumors, since the company has not wanted to announce, at least for the moment, the number of workers who will unfortunately lose their job, we are talking about nothing less than between 50% and 70% of the total workforce that the company has in the United States those who will be fired. As a detail, tell you that this American branch of the company is truly part of a much larger company, Yuneec International which, in addition to the manufacture of drones, for example also has the manufacture of manned electric aircraft in its catalog.
Almost 70% of Yuneec International's workforce in the United States will lose their jobs.
In response to the official statement released by the Yuneec Regarding this large number of layoffs, it appears:
The company must scale down its business structure to ensure a balance between operating costs and revenues. We have concluded that we have expanded our operations faster than our growth required.
Personally I have to confess that after this hard blow and despite the fact that now there will be many families that will see their stability compromised due to these massive layoffs, I hope that Yuneec can overcome and come back much stronger than before. We must not forget that we are talking about one of the few companies that, at the time, were capable of stand up to the almighty DJI in terms of drones and technology.