Yuneec USA Announces Major Layoffs
” It’s been a year of downsizing for the drone industry, and Typhoon drone maker Yuneec is the next to take a hit. A spokesperson for the company confirmed on Friday that Yuneec laid off staff in its Americas division, as first reported by Gary Mortimer of SUAS News.
“ After careful analysis of our 2016 results, we concluded that we upsized operations faster than our growth required,” according to a statement issued by Yuneec. “With much reflection, we made the difficult decision to scale back our business structure to a secure balance between operational costs and revenue.”
Because the company is privately held, Yuneec’s spokeswoman would not comment on how many people were cut, though Mortimer reported that the layoffs could be as many as 50 to 70% of staff.”