Published: Tue, July 03, 2018
Money | By Armando Alvarado

HTC will lay off 1,500 in its Taiwan operations

HTC will lay off 1,500 in its Taiwan operations

"This plan will allow more effective and flexible resource management going forward", HTC said.

This is already the second round of 2018 job cuts, impacting however far more people than a February restructuring move that saw the two aforementioned business departments reunite.

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 previous year.

HTC has officially put out the information saying that it would let go of 1,500 employees from its manufacturing unit in Taiwan. Assistance will obviously be provided to all dismissed employees conforming to corporate social responsibility standards.

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"HTC continues to review its operations to ensure production resources align with key strategic initiatives, so that the company can more effectively compete in its target markets while maintaining its innovative edge", an HTC spokesperson said in a statement provided to CNNMoney. By the way, 1,500 of the 6,450 or so current jobs is close to 25 percent, which qualifies as a massive employment cutback.

Smartphone maker HTC is laying off 22 percent of its entire workforce. It expects to complete the layoffs by September.

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

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