Taiwan based smartphone makers; HTC, has announced plans to sack 1500 staff members of their global workforce as revenue continues to dwindle.
As HTC’s market share continues to dwindle in recent years, the company in a bid to survive amid mounting competition from Apple, Samsung, LG and Chinese rivals; said it would cut 1,500 jobs in its manufacturing unit in Taiwan. This represents about a quarter of the 6,450 staff it employed globally as of June, data from the company shows.
“Today HTC announces plan to optimize the manufacturing organizations in Taiwan … This plan will allow more effective and flexible resource management going forward,” the company said in a statement made available to Reuters.
This massive layoff, follows a late last year $1.1 billion deal under which HTC lost 2,000 staff, mainly handset engineers to Alphabet’s Google, casting doubts over the company’s longer-term future.
Recall that earlier in February, HTC’s president Chialin Chang resigned due to the numerous challenges facing the company.
As at 2013, HTC had over 19,000 staff , now they will be less than 5000.