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HTC will layoff 1,500 employees to manage resources better

HTC is doing so to manage resources and tackle dwindling sales better

  • Published: July 3, 2018 10:36 AM IST
HTC U12+ launch main

In an effort to manage resources better and the falling sales numbers, HTC has just laid off 1,500 workers from its Taiwan manufacturing division. This represents almost a quarter of its workforce. In a statement, the company said that it is doing in order to reorganize itself better for the future.

The layoffs are said to be completed by September. However, the company is claiming to work with the Bureau of Labor, in order to help all the employees and their families who have been affected by the layoffs.

This is not the first time HTC has cut down on its workforce. Back in February, the company was reported to layoff several of its employees from the US office. In order to make better use of resources, HTC also decided to merge its smartphone division with the Vive VR department. And last year, HTC handed over 2,000 employees from its design team to Google for $1.1 billion (approximately Rs 7,580 crore).

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All of this has helped HTC to stay afloat, but the smartphone company has been struggling because of low sales from 2014. It’s recent flagship HTC U12+ carries good features, but didn’t quite get the great response the company was looking for. On top of that Engadget, reported the HTC Vive Pro headset to be struggling, mostly because of high price and lack of accessories availability. Despite the dwindling sales, HTC seems committed to make a recovery in the smartphone space. However, judging by number of layoffs, we wonder how long it will be able to sustain itself.

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  • Published Date: July 3, 2018 10:36 AM IST