2019 was certainly a difficult year for Huawei with the US trade ban, which made it hard for the company to supply various components and software for its products. Despite all the obstacles the company managed to push through and continue its growth in key sectors including its smartphone and wireless network businesses.
As a token of gratitude to its hard-working employees, Huawei is ready to give an estimated CNY 2 billion ($286 million) in bonuses to over 190,000 staff members across 170 countries. According to a leaked internal company memo, all active Huawei employees with a performance rating above C and no security violations will receive a bonus equal to their October base salary.
While Huawei’s new handsets are seeing limited availability internationally, its performance in its domestic market has done well to offset it. Most recently, we saw Huawei’s strong Q3 smartphone shipment results, which showed the company is still the second-largest smartphone company in terms of shipments while also posting a high yearly growth at just over 28%.