Huawei founder reportedly puts staff on crisis mode

Date:
Wed, 24 Aug 2022 20:20:22 +0000

Description:
Ren Zhengfei tells Huawei staff to focus on revenue as it seeks survival.

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Huawei founder Ren Zhengfei has reportedly told its workforce to prioritise profitability rather than sales as it anticipates expect short term difficulties caused by a global recession.

In a leaked internal memo, Ren told staff to focus on revenue generation that would ensure the companys survival over the next three years.

No more stories, we have to talk about the realities, Ren is quoted as
saying. China smartphone sales

The Chinese mobile giant has endured a challenging few years thanks to US sanctions that have limited its access to American technologies and pressure from Washington that led to its exclusion from the rollout of 5G in key markets including the UK.

These developments have stifled its smartphone ambitions and its telecoms division, with the company doubling down on IT infrastructure and
diversifying into emerging markets such as connected vehicles. Read more

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However, these ventures have so far failed to compensate for the decline of its core businesses, with the company reported declining revenues and even shrinking headcounts. Indeed, the memo suggested Huawei could scale back its interest in experimental business lines as it goes into survival mode.

Its a far cry from when Huawei was briefly the worlds largest smartphone manufacturer in early 2020. However the impact of US sanctions, especially a lack of access to Googles Android operating system, began to take hold and Huawei also sold its Honor subsidiary. But thats not to say it has given up
on smartphones entirely.

It has continued with the development of its HarmonyOS operating system and plans to launch a new Mate smartphone next month, while it has also launched
a steady stream of wearables and accessories over the past few years. Here
are the best deals for Huawei mobile phones

Via SCMP



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Link to news story: https://www.techradar.com/news/huawei-founder-reportedly-puts-staff-on-crisis- mode/


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