HTC makes first step towards closure with workforce downsize in Taiwan
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HTC has seen its stock take a tumble down a hill in the recent past. The company has been faced with continually dwindling sales number over the past 18 months or so, and it’s no surprise that repercussions have started surfacing. According to a new report, HTC is set to layoff 1500 workers from its Taiwan workforce.
Figures from last month put the company’s workforce at a sizeable 6,400, so this is a significant move. This layoff will be primarily from staff in its manufacturing unit and is expected to be completed by the end of September.
HTC already sold off a large portion of its assets to Google last year for a hefty US$1.1 billion, and with that and the company’s woeful sales numbers, a move of this sort was always expected. The company released its U12+ flagship a few months ago, and the device has failed to make any major impact on the market, as is about par for HTC devices of recent. It’s entirely likely that the U12+ is the last HTC flagship we get.