Huawei founder Ren Zhengfei warns of 'bitter days' ahead, announces lay-offs
Zhang Erchi and Jason Tan
Beijing | The founder of beleaguered Chinese tech giant Huawei says it is cutting staff as it faces headwinds in its emerging 5G business.
Ren Zhengfei's comments came despite him saying last week that the company has won over 30 5G commercial contracts worldwide and that its revenue is expected to grow this year.
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