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HTC makes first step towards closure with workforce downsize in Taiwan

HTC headquarters, Hsintien, Taiwan. (Source: News4Europe)
HTC headquarters, Hsintien, Taiwan. (Source: News4Europe)
HTC is set to lay off 1500 workers from its Taiwan manufacturing unit by September. The company has seen a consistent drop in sales figures over the past year or so, and it’s about time we came to terms with the fact that the Taiwanese company could close shop soon.

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.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 07 > HTC makes first step towards closure with workforce downsize in Taiwan
Ricci Rox, 2018-07- 5 (Update: 2018-07- 5)
Ricci Rox
Ricci Rox - News Editor - @riccirox
I'm a freelance copywriter who lives and dies for tech. Android, ​especially. The smartphone market is one going through an impressive growth spurt, so I crawl the Internet with keen interest in a technological ecosystem that doesn't seem to be slowing down anytime soon.