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HTC continues to struggle, plans 'significant cuts across the board'

HTC is wanting to stabilize itself, with plans for significant 'cuts across the board'

By Anthony Garreffa on Aug 9, 2015 01:43 am CDT - 0 mins, 40 secs reading time

We all know HTC has been struggling for the last couple of years, but the company is on the precipice of releasing one of the most exciting products it has ever launched: Vive. But, that doesn't mean it's going to be a massive seller for the company, with plans on some extreme cuts to HTC's core business.

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The Taiwanese giant has said that the next step to try and secure the future is to have layoffs, cost cutbacks, and a reduction of how many smartphone models it offers to consumers. Chief Financial Officer Chialin Chang talked with Reuters recently, saying that "the cuts will be across the board" and that "they will be significant". No exact number has been discussed, but we should expect to see it before Q2 2016.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With 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 high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:techspot.com

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