HTC to lay off 1,500 employees

Daniel Fowler
July 3, 2018

More people will lose their jobs at HTC as the device maker tries to right the ship.

According to HTC, the layoffs "will allow more effective and flexible resource management going forward".

Google and HTC struck a $1 billion plus deal past year. Assistance will obviously be provided to all dismissed employees conforming to corporate social responsibility standards.

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The announcement of the cuts to its manufacturing workforce comes despite a new deal with Google, completed in January, which boosted HTC's first quarter performance after a dismal 2017. By the way, 1,500 of the 6,450 or so current jobs is close to 25 percent, which qualifies as a massive employment cutback. The move is also part of a broader plan that brings HTC's smartphone and VR businesses under common leadership in each region.

As part of the second stage of its global manufacturing optimization strategy, HTC submitted a large number of dismissal notices to the Labor Bureau of Taoyuan City Government on Monday. However, troubles and declining sales aren't the only reason HTC is making this move. Last month, under pressure from investors who were growing anxious about increasing losses and lower sales - March and April saw revenues drop 50 per cent on the previous year - the biz announced it would work to return to profitability and claimed it would do it this year.

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