Huawei to Focus On Markets Other than the US
Apr 17, 2018, 4:28 PM by Eric M. Zeman
After a series of stinging setbacks, Huawei is scaling back plans to tackle the U.S. market. The company has laid off five of its employees in Washington, D.C, including top spokesperson Bill Plummer. In addition to the headcount reduction, Huawei has significantly dropped the dollar figure it spent on lobbying efforts, scaling back from $348,000 in 2016 to just $60,000 in 2017. "Like every company, we continually evaluate our organization and align our resources to support our business strategy and objectives," said a Huawei spokesperson. "Any changes to staffing size or structure are simply a reflection of standard business optimization." The company recently reported a net profit of $7.5 billion for 2017, most of which it made outside the U.S. Moving forward, Huawei plans to focus its efforts in markets where it is already successful. Huawei recently announced the P20 and P20 Pro phones, which feature high-end cameras. The U.S. government has taken steps over the last few months to prevent Huawei from gaining a toehold here, including barring government employees from buying Huawei phones, as well as introducing legislation that would prevent companies from tapping Universal Service Funds to purchase Huawei phones.
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