Huawei Offers S$410,000 Salaries To Top Tech Talent in Bid To Stay Ahead - TODAYonline

10/7/2019 Huawei offers S$410,000 salaries to top tech talent in bid to stay ahead - TODAYonline
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Huawei offers S$410,000 salaries to top tech talent in bid to stay ahead
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REUTERS
Huawei is conducting a recruitment drive that will reinforce its army of researchers.
Published 24 JULY, 2019

UPDATED 24 JULY, 2019
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BEIJING — Huawei Technologies plans to lure gifted new recruits with “top-notch” salaries, as the world’s largest
telecommunication equipment supplier moves to reinforce its army of researchers amid its struggles with a US
trade ban.
Shenzhen-based Huawei will hire 20 to 30 top talents from around the world this year in a bid to build up its
“combat capabilities”, according to a widely-circulated email on Tuesday (July 23) that was signed by company
founder and chief executive Ren Zhengfei.
That development comes as the privately held Chinese firm announced on the same day more than 600 job cuts at
its US research and development subsidiary, Futurewei Technologies.
On its new recruitment drive, Huawei said the first batch of special hires would include eight fresh graduates with
doctorate degrees, each of whom will receive an annual salary of between 896,000 yuan and 2.01 million yuan
(S$178,000 and S$399,000), according to the email signed by Ren.
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“Huawei needs to win the technology and commercial battles in the future,” Mr Ren was quoted as saying in the
email. He said recruiting “leading talent” to benefit the organisation requires “top-notch challenges and
remuneration”.
That initiative will be expanded each year in line with the company’s efforts to build up its “combat capabilities”,
according to the statement.
A Huawei employee, who declined to be identified, said internal discussions about the lofty remuneration package
were quite heated. A company spokesman declined to comment.
Meanwhile, Bloomberg reported on Wednesday that Huawei Technologies quickened revenue growth to roughly
30 per cent in the first half after select teams secured critical supplies to keep production going despite US
technology export restrictions, citing people familiar with the matter.
Two months into a Trump-administration ban that cut Huawei off from American suppliers, China’s largest
technology company is starting to feel the pinch.
Still, while revenue growth of 30 per cent marks a slowdown from 39 per cent in 2019’s first three months, it was
up sharply from 2018, the people said, asking not to be identified discussing a private matter. Executives told staff
they were relieved it hadn’t been worse, one of the people said.
The stakes are high for Huawei to bolster its operations because the US trade ban was earlier estimated to wipe
out US$30 billion of sales growth.
Huawei, which is expected to announce its financial performance for the first six months of this year on July 30,
was put on a trade blacklist – known as the Entity List – in May by the US Department of Commerce, citing
national security concerns. That has effectively barred the firm from buying hardware, software and services from
its American hi-tech suppliers.
While the US government recently said it will allow American companies to sell their products to Huawei so long
as it would not pose a threat to national security, chief executive Ren has said the US decision will not have much
impact on the company.
The company blamed the “curtailment of business operations” at Futurewei, which is incorporated in Texas, on
the trade blacklist, according to the statement on the US lay-offs.
“Decisions like this are never easy to make,” Huawei said. “Eligible employees will be offered severance packages,
including both pay and benefits. Futurewei will continue to operate in strict compliance with US local laws and
regulations.”
Despite the US tradeFOR

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YOU Huawei estimated it will ship
CURRENTLY 270 million smartphones globally this year, up 30 per
READING
cent from 2018, Ren said in a recent interview with Yahoo Finance.
to top tech talent in...
be prudent when it...
Huawei has also secured 50 commercial 5G mobile network equipment contracts worldwide, of which 28 were
signed in Europe, Mr Chen Lifang, president of the firm’s public affairs and communications department, said in
Brussels last week. SOUTH CHINA MORNING POST
Topics
Huawei
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10/7/2019 Huawei offers S$410,000 salaries to top tech talent in bid to stay ahead - TODAYonline

MONDAY 07 OCTOBER 2019

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Published 24 JULY, 2019

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