Axeman looms large at Huawei

Stefan Mileschin · 2nd March 2017, 05:48

Staff at Huawei fear jobs cuts after internal memos highlighted intense pressure to improve earnings.

A key executive said the flagship smartphone business had missed internal profit targets and lost its top spot in China, the world’s biggest market, to new contender Oppo last year.

Richard Yu, head of its consumer business division that includes mobile device operation said mobile gear is still profitable but the profit margin is very low.

In an internal memo sent last Friday, Huawei Group founder and CEO Ren Zhengfei urged all employees to work hard, saying the company would otherwise “fall apart”.

“Thirty-something strong men, don’t work hard, just want to count money in bed, is that possible? Huawei will not pay for those that don’t work hard.”

This has rattled Huawei’s 170,000-strong workforce, 45 percent of which are in research and development,which is probably one of the least secure areas to be working.

http://www.techeye.net/business/axem...arge-at-huawei

2nd March 2017, 05:48	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,578	Axeman looms large at Huawei Staff at Huawei fear jobs cuts after internal memos highlighted intense pressure to improve earnings. A key executive said the flagship smartphone business had missed internal profit targets and lost its top spot in China, the world’s biggest market, to new contender Oppo last year. Richard Yu, head of its consumer business division that includes mobile device operation said mobile gear is still profitable but the profit margin is very low. In an internal memo sent last Friday, Huawei Group founder and CEO Ren Zhengfei urged all employees to work hard, saying the company would otherwise “fall apart”. “Thirty-something strong men, don’t work hard, just want to count money in bed, is that possible? Huawei will not pay for those that don’t work hard.” This has rattled Huawei’s 170,000-strong workforce, 45 percent of which are in research and development,which is probably one of the least secure areas to be working. http://www.techeye.net/business/axem...arge-at-huawei

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Oculus on the skids as injunction looms	Stefan Mileschin	WebNews	0	26th February 2017 18:50
Corporate axeman visits Dell	Stefan Mileschin	WebNews	0	12th September 2016 13:25
SoundCloud inks deal with Sony Music as streaming service looms	Stefan Mileschin	WebNews	0	21st March 2016 14:30
More trouble looms on notebook sales	Stefan Mileschin	WebNews	0	30th June 2015 18:30
Windows 9 looms into view	Stefan Mileschin	WebNews	0	23rd September 2014 07:45
Plans for European Extremely Large Telescope approved, is indeed extremely large	Stefan Mileschin	WebNews	0	13th June 2012 08:01
Pirate Bay founders lose final appeal in Sweden, prison looms on the horizon	Stefan Mileschin	WebNews	0	2nd February 2012 06:28
Head of Nvidia Criticizes Dual-GPU Approach as Dual-GPU GeForce 9800 GX2 Looms	jmke	WebNews	0	14th February 2008 14:17
AMD CPU shortage looms	jmke	WebNews	0	11th October 2006 21:56
LCD TV glass piles up as World Cup looms	jmke	WebNews	0	29th May 2006 10:26