0
General

Huawei CEO warns staff of hard times ahead - report

Monday 21 January 2019 | 13:37 CET | News
Huawei's founder and CEO Ren Zhengfei has warned staff of possible job losses and cost-cutting, following the pressure put on the Chinese company by the US and security concerns in other markets. In an email sent to employees seen by the Financial Times, Ren said "the overall situation will probably not be as bright as imagined" in the coming year, and the company will have to "prepare for times of hardship". Unrealistic goals will need to be revised, and the company will need to "give up some mediocre employees and lower labor expenses", he said. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Huawei
Countries: World
::: add a comment
This article is part of dossier

5G


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Huawei grows revenues 20%, profit 25% in 2018

Published 29 Mar 2019 09:20 CET | World
Huawei said revenues for 2018 advanced 19.5 percent from the year before to CNY 721.2 billion while the net profit jumped over ...

Huawei CEO says revenues up 35.8% in Jan-Feb

Published 19 Mar 2019 09:14 CET | World
Huawei's revenues are up 35.8 percent year-on-year in the first two months of 2019, despite the increased scrutiny of the ...

GCHQ director insists 5G security is about more than just Huawei

Published 25 Feb 2019 18:19 CET | United Kingdom
GCHQ Director, Jeremy Fleming, has used a speech in Singapore to describe 5G as one of the most important and impactful ...

Trump set to ban Chinese telecom equipment from US networks - report

Published 08 Feb 2019 12:25 CET | United States
President Donald Trump is about to sign an executive order that would see Chinese vendors banned from deploying their ...

BT to press ahead with using Huawei technology in non-core 5G network

Published 04 Feb 2019 10:41 CET | United Kingdom
BT plans to press forward with plans to use equipment from Chinese technology company Huawei in its 5G mobile network despite ...

Deutsche Telekom warns European ban on Huawei would slow 5G roll-out - report

Published 29 Jan 2019 15:59 CET | Germany
Deutsche Telekom has warned that Europe would fall behind the US and China in the race to install 5G networks if governments ban ...

US charges Huawei with violating sanctions and stealing trade secrets

Published 29 Jan 2019 09:16 CET | United States
The US Department of Justice has charged Huawei CFO Wanzhou Meng and Huawei with financial fraud, with Huawei Device USA and the ...

Polish President calls for 'extreme caution' in selecting 5G provider

Published 27 Jan 2019 16:56 CET | Poland
Polish President Andrzej Duda would prefer to cooperate with firms from Europe or the US in the development of 5G networks, ...

Huawei prepared to open up development labs to Western observers

Published 22 Jan 2019 18:34 CET | World
Chinese technology company Huawei is willing to let Western observers see its product development labs to try and ease concerns ...

Dutch govt considers restricting Chinese 5G network suppliers

Published 21 Jan 2019 09:13 CET | Netherlands
The Dutch government may look at restricting the use of Chinese network equipment suppliers such as ZTE and Huawei in the ...

Austrian government has no problem with Huawei

Published 18 Jan 2019 22:16 CET | Austria
The Austrian Ministry of Infrastructure sees no need to take any serious action against Huawei, reports Der Standard. The German ...

Huawei facing US criminal probe for stealing trade secrets - report

Published 17 Jan 2019 09:40 CET | United States
US federal prosecutors are investigating whether Huawei allegedly stole trade secrets from partners including T-Mobile, according ...

Huawei founder denies company is spying for China

Published 16 Jan 2019 08:58 CET | World
The CEO and founder of Huawei has flatly denied accusations that Chinese authorities have ever asked his company to help spy on ...

US blocks Huawei export licence for sensitive technology

Published 11 Jan 2019 09:37 CET | United States
Huawei is facing difficulties taking technology out of the US, the Wall Street Journal reported. The Chinese telecommunications ...

Huawei revenues to rise 21% this year to USD 109 bln

Published 27 Dec 2018 15:03 CET | World
Huawei rotating chairman Guo Ping expects the company's revenues to grow 21 percent to USD 109 billion this year. The chairman ...

Huawei security concerns to hit Swiss emergency network contracts

Published 27 Dec 2018 11:13 CET | Switzerland
Recent concerns about the security of Huawei components are likely to cause inconvenience for Swiss providers of emergency ...

Huawei defends security record as 5G business continues to grow

Published 18 Dec 2018 12:25 CET | World
Huawei has defended its security record in a press conference with international journalists at its office in Dongguan, China. ...

Czech cyber security agency warns against use of Huawei, ZTE hardware, software

Published 18 Dec 2018 10:20 CET | Czech Republic
The Czech National Cyber and Information Security Agency (NCISA) has issued a warning against the use of both software and ...

Japanese operators not to use Chinese equipment for 5G networks

Published 11 Dec 2018 14:16 CET | Japan
The Japanese government has agreed to ban Chinese telecom purchases by central government ministries and its Self-Defense Forces ...

EU should worry about Huawei, Chinese firms, commissioner Ansip says

Published 10 Dec 2018 13:04 CET | Europe
The European Union should be worried about Huawei and other Chinese technology companies because of the risk they pose to the ...

Huawei CFO could face up to 30 years if indicted for violating US trade sanctions

Published 10 Dec 2018 11:55 CET | World
Huawei CFO Meng Wangzhou faced a bail hearing on 7 December in Canada, after getting arrested between flights in Vancouver, ...





Calendar   /   Industry Events

20 Aug Africa Peering and Interconnection Forum
22 Aug Vocus FY results
22 Aug Sky NZ FY results
22 Aug Sunrise Q2 2019
22 Aug VMware fiscal Q2
22 Aug China Telecom H1 2019
23 Aug Mobilezone H1 2019
25 Aug VMworld 2019 US
26 Aug Amaysim FY results
26 Aug Chrous FY results
26 Aug Bezeq Q2 2019
27 Aug Partner Communications Q2 2019
27 Aug Ooma Q2 2019
27 Aug MNF Group FY results
27 Aug ZTE H1 results
27 Aug Hewlett Packard Enterprise fiscal Q3
27 Aug Aviat Networks fiscal Q4
27 Aug Tamedia H1 2019
27 Aug Connected Health Summit
29 Aug Tele Columbus Q2 2019
29 Aug Dell Technologies fiscal Q2
29 Aug Bouygues Telecom Q2 2019
29 Aug Cyfrowy Polsat Q2 2019
29 Aug Tech Data fiscal Q2
29 Aug Marvell Technology fiscal Q2
29 Aug Axiata Q2 2019
29 Aug Tele Columbus AGM
::: More Calendar Items