By now, it is well known that Chinese smartphone maker LeEco is in deep trouble, globally, may be because of its overly ambitious plans or its unplanned ventures, or both. It is also now known that its India business is in worst shape as almost the entire staff of the company has left the sinking ship. Besides, the man who is supposed to run the show, the COO, Atul Jain has already left. Rather he was asked to leave.
TeleAnalysis filed this story in early January this year that LeEco asks it COO Atul Jain to leave. This made the company so uncomfortable that the smartphone maker threatened this correspondent with legal actions.
“My legal team is too upset with this, and they are contemplating legal action against you,” warned an official spokesperson of the company. This correspondent, however, welcomed the spokesperson to do their job, while allowing him to do his.
“If that happens, you will be in deep trouble,and you don’t understand it” the official tried to remind me of the repercussions.
In the guise of a request, the official commanded, “Please take down the story immediately,” the official added, saying the story to be ‘entirely incorrect’.
Its not very uncommon for us to come across situations when company’s spokespersons deny some developments, or discard some rumors or dispel some speculations, but threatening with legal actions was bit gross.
We had reported that, besides the employee layoffs, the company is also mulling exiting India operations, the most lucrative market at this moment.
It was imperative do that story as interests of thousands of Indians, who had bought LeEco’s products including smartphones and TVs, were at stake. If the company exits India, these customers will be bereaved of any product support, if required at any point of time.
What was more dangerous than this was while all the chaos was going on at the firm, its India executives kept on telling Indian consumers that all is fine with the company, and kept selling their products.