HTC to Slash 1,500 Jobs for 'More Effective and Flexible Resource Management'

HTC to Slash 1,500 Jobs for 'More Effective and Flexible Resource Management'

After the president of HTC's mobile division resigned earlier this year, the company combined its virtual reality and mobile divisions into one.

HTC announced plans Monday to lay off 1,500 employees from its Taiwanese manufacturing division.

HTC said that to fulfill its social responsibility, the company will try its best to help the affected workers to get through hard times and will offer them any necessary assistance in finding a new job.

According to HTC, it had about 6,450 employees worldwide as of June, meaning that it plans to let go of about a quarter of its entire workforce.

Penalty leads to freakish own goal
Switzerland will face off against Costa Rica at Nizhny Novgorod Stadium in Nizhny Novgorod on Wednesday, June 27 at 2 p.m. On the pitch, the action was equally weird when Costa Rica snatched a draw through an injury-time equalizer.

Not that long ago, HTC was a top smart phone brand, creating new models and letting others brand them - the Google Nexus One and Evo 4G among them.

It's a move that has been widely described as a cost-cutting exercise by the smartphone and VR headset maker, as the company struggles to recover from months of poor financial performance.

However, the layoffs downsize HTC's overall workforce by 22 percent. The company reported a 55.5 percent plunge in April revenues year-on-year and a 46.7 percent slide in March sales.

It's important to note that the 1500 affected staff are not from team that went over to Google to work on the latter's Pixel smartphones, as part of the US$1.1 billion (~RM4.05 billion) deal that the two companies agreed to a year ago.

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