HTC announces 15% reduction of its global workforce

HTC continues to dwindle, with the company slaying 15% of its workforce.

@anthony256

Published Aug 13, 2015 8:35 PM CDT
Updated Nov 3, 2020 12:04 PM CST

34 seconds read time

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.

HTC announces 15% reduction of its global workforce | TweakTown.com

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.

NEWS SOURCE:thenextweb.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.