China's LeEco Abandons Plan to Buy Vizio

The video discusses a company's financial struggles, including a significant revenue shortfall and plans to cut a third of its US workforce. The collapse of a crucial Visio deal has severely impacted the company's US ambitions, hindering its brand presence and ecosystem goals. Regulatory issues and cash flow problems, partly due to Chinese government policies, further complicate the situation, making a $2 billion acquisition challenging.

What are the reasons cited by the company for their current cash squeeze?

What challenges does the company face in raising funds to pay their employees?