Connect with us

Hi, what are you looking for?

United Kingdom

Huawei in “life or death” crisis says CEO

Ren Zhengfei, Huawei CEO

Chinese tech titan Huawei is facing a “life or death crisis” as the US government continues to apply trading pressure.

To ease concerns the company is bringing in more efficiencies; simplifying reporting lines and shifting key players to other roles if needed.

Advertisement

Washington has placed Huawei on an “entity list” that restricts American tech manufacturers selling them key parts.

However, Huawei spends billions of dollars yearly with US tech firms, a factor which last week helped see the restrictions be eased for another 90 days.

Ren Zhengfei, Huawei founder and CEO, told employees in a memo that the company was in a “battle”.

He added: “Now that the company is at a life or death crisis, our first priority is to encourage all crew to make contributions, and the second is to choose and promote talents, to add ‘new blood’ to our system.”

Ren said there will be “new blood” in the company in three to five years.

And, there are plans to introduce more efficiencies to the organisation.

These include a simplified reporting structure, cutting back surplus staff, losing repetitive jobs and shifting managers to other positions.

He also wants to ensure Huawei is paid by customers on time to avoid cash flow problems.

Huawei has been caught up in the trade war between the US and China.

President Donald Trump is convinced Huawei uses its technology to “spy” on countries, although Washington has failed to produce any evidence to back the claim.

Huawei vigorously denies the accusations.

Trump, however, blows hot and cold on Huawei – one minute he’s offering to relax trading restrictions, and the other he refuses to deal with them.

 

 

 

Comments

Latest Tweets

London Globe

Doing justice to history, a powerful call for recognition of the 1971 Bangladesh genocide. london-globe.com/european-uni… zpr.io/4MUwdkAAJ7Qi #news #

Advertisement

You May Also Like

Business

The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...

European Union

On April 9, 2022 Dimash Qudaibergen’s first solo concert in Germany took place in Düsseldorf. The colossal energy and the atmosphere of unity did...