Published: Tue, July 03, 2018
Tech | By Constance Martin

HTC to slash quarter of workforce - Finance - Telco/ISP

HTC to slash quarter of workforce - Finance - Telco/ISP

After the president of HTC's mobile division resigned earlier this year, the company combined its virtual reality and mobile divisions into one.

HTC will be laying off 1,500 workers in its manufacturing unit in Taiwan in a move to streamline its operations and cut loses.

Things have gone from bad to worse for HTC, and the situation is getting bleaker.

The latter tweeted that HTC had said on 26 June that it'll return to profit this year, only to then on 2 July say that its Taiwanese workforce will have some 22 per cent of its total employees shaved from it.

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Once a star of the intensely competitive smartphone sector, HTC has been struggling in the face of stiff competition from Apple and Samsung as well as strong Chinese brands such as Huawei.

In a statement issued by the company, "Today HTC announces plans to optimize the manufacturing organizations in Taiwan". Losses of Tw$9.8 billion in the last three months of 2017 represented its worst ever quarterly results.

The company said the layoffs will further its plans to bring its smartphone and VR businesses under common leadership in each region.

The mobe maker has persistently failed to come up with anything that pushes it ahead of competitors, leading to a billion-dollar deal late previous year with Google to effectively sell 2,000 of its handset engineers to the monster web corp.

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