in ,

Huawei paying millions of dollars in ‘bonuses’ to its employees for fighting US ban

ren-zhengfei-reacts to US ban
Huawei CEO, Ren Zhengfei / Image Source:

Huawei is reportedly distributing $286 million in the shape of bonuses among its employees for rewarding them for sticking through tough US restrictions on the company.

Additionally, it has also announced that most of the employees from the R&D division and the teams working on finding alternative supply chains after the US ban, will get a double salary this month.

The decision from the company has become a source of joy for nearly 194,000 Huawei employees across the world who have spent recently on 11/11 sales and also preparing for upcoming ‘Black Friday’.

Despite the US ban, Huawei seems to have weathered the storm by securing 5G contracts and selling more smartphones worldwide, majorly at home where Chinese consumers have shown a strong gesture against US extreme measures against the company.

In the third quarter of 2019, Huawei bagged 42% market share in the Chinese smartphone market-crushing Apple, Xiaomi, and Oppo.

The latest move shows Huawei’s ability to withstand the US ban it put in May this year. Not only the US-based companies were directed to stop working with Huawei, but Donald Trump also persuaded its allies to blacklist the company on account of a threat to national security.

Huawei recently announced to hire 20 to 30 talented people this year from all over the world at huge salaries for showing its passion towards innovation no matter what comes in its way.

Written by Mudassar Jehangir

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

qmobile telenor kaios phones launch

KaiOS phones in Pakistan? QMobile brings first one with Telenor 4G speed

motorola razr 2019

Motorola Razr 2019 images leaked ahead of launch, its an old fashioned device