Apr 04 AT 4:33 PM Dima Aryeh 0 Comments

LeEco reportedly in trouble in US, delaying paychecks and not paying year-end bonuses

LeEco Vizio acquisition

LeEco doesn’t seem to be doing so well in the United States, as the company reportedly delayed the end of March paychecks for their employees. The issue was said to be with moving money from China.

It’s reported that LeEco also did not pay many of its employees’ year-end bonuses, further pointing to serious money trouble. The brand expanded into the US and even plans to purchase US brand Vizio, though those plans are being held back by Chinese regulators.

The employees were eventually paid on April 4, so let’s hope the company can get it together and succeed in America. At the very least, let’s hope it can pay its employees in a timely manner.

Source: Bloomberg

Dima Aryeh is obsessed with all things car and tech. His time is split between gaming and fixing his racecar. He also does photography in his spare time.

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