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profishingrods.com July 23, 2018


Smartphone maker HTC to lay off 1,500 workers

03 July 2018, 06:56 | Joann Bryant

HTC is looking to fire another 1,500 employees

Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan

Smartphone-maker HTC is to cut 1,500 jobs in Taiwan, about a quarter of its global workforce.

HTC WILL SLICE 1,500 workers from its Taiwanese factories as it goes on the hunt to turn a profit, according to Engadget and Bloomberg Taipei's Samson Ellis. Many of them had already been working on its Pixel handset, manufactured by HTC, as well as acquiring intellectual property licensing.

"HTC continues to review its operations to ensure production resources align with key strategic initiatives, so that the company can more effectively compete in its target markets while maintaining its innovative edge", a company representative said.

"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.




The NT$2.45 billion sales in May was also down 46 percent from a year earlier.

In 2017, HTC incurred a net loss of NT$16.91 billion and a loss per share of NT$20.58, the highest since it listed on the Taiwan Stock Exchange in March 2002.

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

Under the $1.1 billion deal with Google, the United States tech giant took on half of HTC's research and development staff - about 2,000 people.



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