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says it will return to profitability this year
July 2: @htc
says it will cut its Taiwan workforce by 1,500 people (about 22% of total employees)— Samson Ellis (@samsonellis) July 2, 2018
Smartphone manufacturer HTC will slash almost a quarter of its employees in an effort to become profitable.
All the job cuts will be at its plant in Taiwan, where 1,500 people – roughly 22 of the total workforce – will be let go as the company deals with falling sales. It doesn't help that its latest phone, the U12+, doesn't have much to recommend it.
Today - Reduction - Workforce - HTC - Step
"Today’s reduction in manufacturing workforce announced by HTC is a decisive step in the realignment of resources across the organization, and will allow more flexible operations management," the manufacturer said in a statement following earlier media reports.
"The company will offer full assistance to those employees affected by the plan, which will be completed by the end of September. 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."
HTC - Smart - Phone - Brand - Models
Not that long ago, HTC was a top smart phone brand, creating new models and letting others brand them – the Google Nexus One and Evo 4G among them. In 2011, it boasted over 10 per cent of the market. But...
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