Struggling smartphone maker HTC continues to struggle.
After offloading 2,000 engineers to Google as part of a $1.1 billion deal with the search giant, HTC is now laying off 1,500 staff, or nearly one-quarter of its total headcount, to cut more costs. That’s according to a report from Reuters which claims that the cuts are part of a move manage its resources more efficiently.
Today - HTC - Plan - Manufacturing - Organizations
“Today HTC announces plan to optimize the manufacturing organizations in Taiwan. This plan will allow more effective and flexible resource management going forward,” HTC said in a statement to Reuters.