Smartphone maker HTC to cut 1,500 jobs in Taiwan

HTC India job
HTC plans to cut 1,500 jobs at its smartphone manufacturing unit in Taiwan as part of the strategy to slash cost as the smartphone maker continues to battle dwindling sales, Reuters reported.

The job cut represents about a quarter of the 6,450 staff it employed globally as of June, data from the company shows.

“HTC announces plan to optimize the manufacturing organizations in Taiwan. This plan will allow more effective and flexible resource management going forward,” HTC said in a media statement.

HTC aims to complete the layoffs by the end of September. The job cut is also part of a broader plan that brings HTC’s smartphone and VR businesses under common leadership in each region.

This follows a $1.1 billion deal late last year under which HTC shifted around 2,000 staff, mainly handset engineers, to Alphabet’s Google, casting doubts over the Taiwanese firm’s longer-term future.

HTC’s scaling down of job comes amid a decline in its revenues and sales from smartphone business. HTC, which was one of the top 10 smartphone companies in the world, reported 55.5 percent dip in April revenues year-on-year and 46.7 percent slide in March sales.