The economic effects of Covid-19 still continue to show itself, as the pandemic process negatively affects the whole world. The last company affected by the crisis was Huawei. In the statement, which is said to have been sent by the CEO of the company, it is stated that a major ‘austerity’ policy will be followed for the coming years.
Since the past months, many companies have come to the fore with news such as layoffs and downsizing for various reasons. As you may remember, Netflix was one of the first companies that this news came from, and about 300 employees were laid off.
The economic conditions we are in globally continue to affect giant companies. As you may remember, Google and Ford were the last names affected by this crisis. Today, a bad news came from Huawei. According to the claims of China-based media, alarm bells began to ring for Huawei.
Huawei may have bad days
Chinese media outlets Yucai and NetEase made quite striking claims with their reports. It has been reported that the company, which produces phones that are compared to Apple’s popular phone series iPhones and even preferred instead of iPhone, has had a very difficult time. The most striking parts of the published reports were the messages said to be sent by Huwei CEO Ren Zhengfei. Yucai and NetEase, in a statement to the company’s employees, ‘prioritize cash flow and profit margin’ reportedly wanted.
In the statement sent by Ren Zhengfei Huawei expects a difficult period for the next 3 years and information that the company will focus more on ‘survival’. Of course, the first thing that comes to mind is that layoffs may come with this economic bottleneck. Although there is no official statement on the subject yet, these are situations that can be expected. When we look at all these claims and what has been said; It shows that the company compared to Apple may be a little more secluded in the coming years.
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Sources: 1, 2, 3