LG set to abandon smartphone business after leaked memo hinted change – NEWS.com.au

A leaked internal memo from the CEO of Korean electronics manufacturer LG has indicated the company plans to change the direction of its smartphone business, where it has lost billions of dollars and market share as part of a failed bid to make its devices more popular. LG CEO Brian Kwon promised his staff none of them would be losing their jobs as a result of any adjustment.
“Regardless of any change in the direction of the smartphone business operation, the employment will be maintained, so there…

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