The founder of Chinese technology giant Huawei, has reportedly told the company to brace for “survival” amid the grim global economic outlook, according to a leaked internal memo.
Once riding high on the wave of globalization, the successful telecom held one of the largest global shares on shipments of communications devices. However, the company has reportedly changed its tune after it was heavily sanctioned by the United States and other Western nations.
It is now telling its employees to give up on any wishful notion that the company will somehow return to its past state of glory but instead “focus on cash flow and profit” to stay afloat….