HTC will lay off 1,500 in its Taiwan operations

Andrew Cummings
July 3, 2018

The workforce which HTC plans to lay off makes up around a quarter of the 6,450 staff it employed globally as of June.

The cuts will be completed before October and they are said to be part of a move to centralize the leadership of HTC's smartphone and Vive VR business.

HTC will be letting go of 1500 employees from its Taiwanese manufacturing division.

Smartphone maker HTC is laying off 22 percent of its entire workforce.

Time has not been kind to HTC as the once-mighty smartphone company struggles to make ends meet while it borders on irrelevancy.

"With its workforce being cut on such a big scale, I don't expect HTC to report any good sales news down the road", Chang said.

Earlier this year, HTC reported a 55.5% plunge in April revenues year-over-year and a 46.7% slide in March sales.

The official statement by HTC said "Today HTC announces a plan to optimise the manufacturing organisations in Taiwan ..." Losses of Tw$9.8 billion in the last three months of 2017 represented its worst ever quarterly results.

HTC and Alphabet's Google struck a $1.1 bn deal past year - a move that some took as a sign that HTC needed extra money to keep going.

Under the deal with Google, which was completed in January, about 2,000 HTC engineers who used to work for the ODM assets shifted gears to work for the USA company.

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