Xu Zhijun, the last leader of Huawei, will be eliminated in 2020
On December 31, Xu Zhijun, chairman of Huawei's rotating chairman, delivered a new year's speech, saying that Huawei's annual sales revenue in 2019 is expected to exceed 850 billion yuan, with a year-on-year growth of about 18%. Although it did not meet the expectations at the beginning of the year, the company's overall operation is stable.
However, he also stressed that it is expected to be a 'tough year' to challenge multiple tasks such as HMS ecological construction in 2020, and the company's growth rate is unlikely to be as fast as that in the first half of this year. By the end of 2020, Huawei will be eliminated by 10% of its executives.
"Survival will be our first priority," said Xu Zhijun. According to its disclosure, some support and even operation departments will be merged or downsized, and the increased staff may be reassigned to other departments.