Chinese surveillance camera maker Hikvision may cut 1000 jobs

Chinese surveillance camera maker Hikvision is reportedly downsizing its research and development (R&D) department. The company that faces US sanctions may be planning this move amidst geopolitical and economic pressures. Although the company denies any “large-scale lay-offs,” a report by Chinese online news platform Sina Tech (seen by the South China Morning Post) cited sources to suggest that over 1,000 employees in China could be affected by these job cuts.