HTC will lay off 1,500 in its Taiwan operations

CNET | 7/2/2018 | Marrian Zhou
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HTC said it will lay off 1,500 employees from its Taiwanese division.

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

HTC - Monday - Employees - Percent - Division

HTC said Monday that it will lay off 1,500 employees, about 22 percent of its total, from its Taiwanese division in order to restore profitability, according to a tweet from Bloomberg's Taipei bureau chief, Samson Ellis.

HTC confirmed the layoffs, but declined to give specific numbers.

Today - Reduction - Workforce - Step - Realignment

"Today's reduction in manufacturing workforce is a decisive step in the realignment of resources across the organization, and will allow more flexible operations management," said Patrick Seybold, vice president of communications at HTC, in an email statement.

The Taiwan-based company has come down hard...
(Excerpt) Read more at: CNET
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