HTC to cut fifth of its workforce amid poor sales: Report
Wednesday - July 4, 2018 4:06 pm ,
Category : BUSINESS
HTC to cut fifth of its workforce amid poor sales: Report
Taipei July 4 (IANS) Taiwanese smartphone maker HTC is cutting a fifth of its global workforce after being hit by consecutive financial losses and declining smartphone sales the media reported.
The company is reportedly laying off some 1 500 manufacturing workers at its home turf in an apparent attempt to "realign" resources CNBC reported on Tuesday.
"Today s reduction in manufacturing workforce announced by HTC is a decisive step in the realignment of resources across the organisation and will allow more flexible operations management " the company was quoted as saying in the report.
According to data on the its website HTC had 7 322 employees at the end of March.
The company signed a $1.1 billion deal with Google in September last year that saw 2 000 HTC employees join the technology giant.
HTC known for its flagship phone series called "One" manufactured Google s Pixel. The deal was part of Google s aim to boost its hardware business.
The job cuts are the latest sign that HTC once a major player in the smartphone market is struggling to keep afloat in a competitive smartphone industry according to BBC.
--IANS ksc/na/vd
The company is reportedly laying off some 1 500 manufacturing workers at its home turf in an apparent attempt to "realign" resources CNBC reported on Tuesday.
"Today s reduction in manufacturing workforce announced by HTC is a decisive step in the realignment of resources across the organisation and will allow more flexible operations management " the company was quoted as saying in the report.
According to data on the its website HTC had 7 322 employees at the end of March.
The company signed a $1.1 billion deal with Google in September last year that saw 2 000 HTC employees join the technology giant.
HTC known for its flagship phone series called "One" manufactured Google s Pixel. The deal was part of Google s aim to boost its hardware business.
The job cuts are the latest sign that HTC once a major player in the smartphone market is struggling to keep afloat in a competitive smartphone industry according to BBC.
--IANS ksc/na/vd
