ZTE starts the year with talk of redundancies

While the success of Chinese businesses has challenged the status quo in certain segments, ZTE’s latest development shows dominance from the East is far from a given.
According to Reuters, ZTE will shed around 3,000 positions over the course of Q1, roughly 5% of the global workforce, including 20% of those in its domestic handset business where is has been losing market share. While the declining smartphone business may grab headlines, perhaps a more significant impact is the uncertainty o