HTC to axe about a quarter of its global workforce
03 July, 2018, 09:55 | Author: Tara Roberts
The cuts will be completed before October and they are said to be part of a move to centralize the leadership of HTC'ssmartphone and Vive VR business.
Once a star of the intensely competitive smartphone sector, HTC has been struggling in the face of stiff competition from Apple and Samsung as well as strong Chinese brands such as Huawei.
Somewhat inevitably then, it has gone for the fastest and easiest way to do just that by getting rid of a huge amount of its fixed costs, ie: staff and their wages.
"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 earliermedia reports.
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