Yuneec USA Confirms Staff Reductions | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.14.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Tue, Mar 21, 2017

Yuneec USA Confirms Staff Reductions

Reports Are As Many As 70 Percent Of American Division May Lose Their Jobs

An undisclosed number of employees of Yuneec USA will be losing their jobs, the company confirmed on Friday.

Market Watch reports that the company issued a statement saying it was planning to "scale back our business structure to secure a balance between operational costs and revenue. We concluded that we upsized operations faster than our growth required."

Yuneec recently received $60 million in funding from Intel through the chip-maker's venture-capital firm. sUAS News reports that Yuneec and Intel will continue to develop future projects.

Yuneec is only the latest drone manufacturer to announce it is cutting staff. The industry recently saw Autel, Parrot, 3DR, GoPro and Zero Tech all announce layoffs.

Media reports say that DJI has essentially won the entry-level drone war with its quickly-evolving line of  aircraft, and that the de-facto entry-level drone is now the Phantom 4 Pro. They predict that there will be more adjustments in the sector, including in post-production tools, as the year progresses.

FMI: www.yuneec.com

Advertisement

More News

ANN's Daily Aero-Term (05.16.24): Instrument Runway

Instrument Runway A runway equipped with electronic and visual navigation aids for which a precision or nonprecision approach procedure having straight-in landing minimums has been>[...]

ANN's Daily Aero-Linx (05.16.24)

Aero Linx: Alaska Airmen's Association The Alaska Airmen's Association includes over 2,000 members—we are one of the largest General Aviation communities in the country. We s>[...]

Airborne 05.15.24: Ghost Sq MidAir, B-2 Junked, Dream Chaser Readies

Also: Flt School Security, G600 Steep-Approach, Honduran Aid, PW545D Cert Two aircraft performing at the Fort Lauderdale Air Show clipped wings during a routine last Sunday, spooki>[...]

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Also: SkyReach Parts Support, Piper Service Ctr, Airliner Near-Miss, Airshow London The Judge overseeing Icon's convoluted Chapter 11 process has approved $9 million in Chapter 11 >[...]

Airborne Affordable Flyers 05.16.24: PRA Runway, Wag-Aero Sold, Young Eagles

Also: Paramotor Champ's, Electric Ultralight, ICON BK Update, Burt Rutan at Oshkosh! The Popular Rotorcraft Association is reaching out for help in rebuilding their private runway >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC