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HTC announces 15% reduction of its global workforce

HTC continues to dwindle, with the company slaying 15% of its workforce
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Aug 14, 2015 1:35 am

It's not a secret that HTC is struggling right now, but the Taiwanese smartphone manufacturer has just announced that it will be culling 15% of its workforce after continued struggles with sales.




The company just released its Q2 results, with a forecast for Q3 that is even worse than the previous three months. Cher Wang, CEO of HTC, said: "Now, as we diversify beyond smartphones, we need a flexible and dynamic organization to ensure we can take advantage of all of the exciting opportunities in the connected lifestyle space".


Personally, I think HTC has a future in VR headsets if it can successfully launch and sell considerable units of its upcoming Vive headset, something it collaborated with Valve on. But, it's a risk, as anything is, and HTC isn't in the position for more continued losses.


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