Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing repetitive jobs and moving managers to other positions where required.
Key Points
The Chinese tech giant is on a U.S. blacklist which restricts American businesses from selling products to Huawei. Those restrictions have been eased for another 90 days. In May, the company was put on a U.S. blacklist — or the so-called Entity List — which restricts American businesses from selling to the Chinese firm. Huawei relies on a lot of American technology from software to hardware.
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