Toga Networks News
4 articles
Growth-Negative
Toga Networks, Huawei's R&D center in Israel, lays off 20 employees | CTech
Toga Networks, the R&D center of Huawei, is closing its storage division and laying off 20 employees. Some of these employees will be absorbed into other divisions of the company, which is currently recruiting. Toga Networks, which employs around 500 people near Tel Aviv, has not issued an official statement about these changes. The company, a crucial development arm for Huawei, also laid off additional employees a month ago. The development center has been subject to the US boycott against Huawei.
LayoffsManagement Changes
growth-positive
Huawei paying top dollar for Israeli engineers
Chinese tech giant Huaweis Israeli R&D center, Toga Networks, has been expanding despite the company being blacklisted by the US. Toga was not initially included in the blacklist, which led to speculation that its name, which does not include Huawei, may have confused US authorities. However, it was added to the list in August 2020. Despite this, Togas R&D centers in Israel are now larger than ever, employing about 500 people. The center is currently recruiting for 55 open positions. The sanctions have significantly impacted Huaweis activities, with the company losing nearly $37 billion or 29% of its revenue in 2021.
ExpandLayoffs
growth-negative
Huawei Temporarily Suspends Israeli Employees With U.S. Citizenship
Huaweis Israeli employees with American citizenship were temporarily suspended due to the US boycott of the company. The policy was applied globally to all employees of American nationality. The US Department of Commerce has listed Huawei as a threat to national security, requiring it to seek permission to acquire any US-made technology. This has led to Google and chipmakers Intel, Qualcomm, and Broadcom ceasing their services and product sales to Huawei. This could potentially result in the loss of hundreds of millions of dollars in revenue.
CustomersLayoffs
growth-positive
Huawei reportedly acquires Israeli IT networking company Toga Networks for $150 million
Huawei has acquired Toga Networks, an Israel-based company, in a deal worth more than $100 million. The exact nature of the partnership between Huawei and Toga Networks was not clear, but Toga Networks was designing and developing products for the telecom industry, which aligns with Huaweis line of business. The acquisition is expected to have a positive impact on Huaweis growth.
Acquisition
