Distress bells toll as HTC plans yet another massive layoff
HTC's mobile business has been dire straits for a while now. The company, over the past three years, has recorded steady, increasing losses. While the company saw a 66% rise in monthly revenue back in August, it would seem that such a win hasn't done much to offset the effects of previous losses.
According to reports coming from Taiwan, the company is set to carry out another workforce cut, in the form of yet another layoff round. The source report claims that the company believes the layoff to be important in its plans to develop its VIVE and mobile business moving forward. Laid-off employees will be entitled to full year-end bonuses for two months.
HTC's mobile business has been...uninspiring. Poorly managed, too, most would agree. The company has stuck to making solid pieces of hardware with a few unmanageable shortcomings, at uncompetitive price points. Recent issues with poor support have done little to mitigate the effects of such product development. Some would argue that the company has lost touch with the wants of its target buying demographic, even.