HTC to Lay Off 1,500 Jobs in Taiwan After Financial Struggles Worsen

HTC has had difficulty selling a lot of smartphones over the past few years and to counter its losses, the Taiwanese smartphone-maker sold a part of its smartphone team to Google, earlier this twelvemonth. But despite gaining $1.1 billion from the bargain, HTC is struggling financially and will at present be letting go of around a 4th of its workforce.

Due to mounting pressure from major competitors such as Apple, Samsung, and other Chinese companies which are disrupting the industry with their toll-constructive smartphones, HTC will now lay off 1,500 employees. Reuters reports that this is part of the company's fresh efforts to improve the utility and management of available resources.

As of June, the company employs a total of 6,450 employees worldwide. All of the one,500 staffers losing their jobs volition be from among the company'south manufacturing workforce. This, as per an official statement will help HTC "optimize the manufacturing organizations in Taiwan".

All of this is office of HTC's plan to integrate smartphone and VR business into a single entity, which will be guided by a single leadership. The company, as per Reuters, volition shut the layoffs past September but has non disclosed how it plans to recoup the laid-off staff.

HTC has been struggling with falling revenue and reported a 46.7 per centum fall in its March sales on a year-on-year basis. In the following month, the company reported an increase in loss, which slid to 55.five per centum compared to April 2017.

Despite this, the phone maker has been working to regain its lost position in the market place and recently unveiled its flagship device – the HTC U12 Plus – with a looker translucent design, clasp gestures, and dual cameras on both sides. The visitor has not forgotten the budget segment and introduced the Want 12 and Desire 12+ in India last calendar month starting at a cost of Rs. 15,800.