HTC is making another major move in its pursuit of profitability.
HTC has announced that it's laying off 1,500 employees from its Taiwanese manufacturing group. As noted by Bloomberg's Samson Ellis, this is nearly 25 percent of HTC's total employees. HTC says that it plans to reorganize itself following these layoffs in order to become more efficient.
June 26: @htc 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
Several years ago, HTC was at the top of the smartphone world, releasing devices like the Touch Diamond, G1 (Dream), and Hero. HTC's luck hasn't been the same in recent years, though. The company did get a bit of a boost last year when Google paid it $1.1 billion for some of its employees, including those that worked on Google's Pixel phones, but HTC hasn't been able to regain the popularity it once had in the smartphone world despite some of its flagships (like the U12+) receiving positive reviews.
While laying off 1,500 employees isn't going to magically turn around HTC's smartphone fortunes, it can help the company cut some costs and become more efficient. It's never good to hear about layoffs, but HTC has said that it will work with the Bureau of Labor to help those that are being layed off. And just in case you were wondering, HTC says that it is still committed to competing in the mobile market.
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