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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
The HTC U12 Plus went on sale last month.
Things aren't getting any better for HTC. The Taiwanese smartphone maker on Friday said sales last month plunged 68 percent to NT$2.23 billion (US $72 million) compared with NT$6.9 billion in June 2017. It's the company's biggest slump in more than two years, reported Reuters.
Sales - Data - Point - String - News
The sales are just one more data point in a string of bad news for the beleaguered company that, despite posting a profit in its first quarter of 2018, had suffered 11 consecutive quarters of financial loss.
HTC on Monday said it will lay off 1,500 employees, or about 22 percent of its workforce, to cut costs and help it return to profitability, according to a tweet from Bloomberg's Taipei bureau chief, Samson Ellis....
(Excerpt) Read more at: CNET
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