HTC to axe about a quarter of its global workforce

Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan

Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan

Over the years, consumers and tech enthusiasts alike have seen the market share of HTC in the smartphone space decline. "This plan will allow more effective and flexible resource management going forward".

This is already the second round of 2018 job cuts, impacting however far more people than a February restructuring move that saw the two aforementioned business departments reunite.

The first quarter results, which ended an 11-quarter losing streak, were boosted, however, by a deal in which the company sold its smartphone ODM assets to Google past year. Assistance will obviously be provided to all dismissed employees conforming to corporate social responsibility standards. By the way, 1,500 of the 6,450 or so current jobs is close to 25 percent, which qualifies as a massive employment cutback.

A HTC "U11" smartphone is displayed in this illustration photo taken August 1, 2017.

The deal reflected Google's wish to emulate the success of Apple iPhones by controlling the hardware as well as the software used in the premium-priced handsets. But while analysts said the Google agreement would mean some immediate benefits for HTC, such as more capital and cost reductions, they predicted a turnaround in its fortunes was unlikely.

Taiwan-based smartphone brand HTC Corp. said Monday that it will lay off 1,500 employees to optimize the company's resources through a "strategic adjustment of its workforce". The company is among major tech firms including Facebook and Samsung to venture into virtual reality and released its first VR headset Vive in 2016.

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