HTC to shed 1500 jobs in Taiwan, a cull of 1/4 global jobs

1/4 of HTC's global staff isn't small, and with the manufacturing taking a hit, what does this mean for HTC's future?

@anthony256
Published Tue, Jul 3 2018 8:59 PM CDT   |   Updated Tue, Nov 3 2020 11:51 AM CST

HTC isn't in a strong position right now, with a report coming out of Reuters that says the Taiwanese smartphone company is cutting around 1/4 of their global workforce.

HTC to shed 1500 jobs in Taiwan, a cull of 1/4 global jobs | TweakTown.com

These job losses will hit the Taiwan manufacturing scene, as HTC is wanting to manage their resources better as sales continue to die against Samsung and Apple. HTC said that it would cut 1500 jobs from its manufacturing unit in Taiwan, which is around 25% of their global staff that right now sits at 6450.

HTC explains: "Today HTC announces plan toust optimize the manufacturing organizations in Taiwan ... This plan will allow more effective and flexible resource management going forward". It shouldn't surprise, as HTC reported a 55% drop in revenues year-on-year in April, and a huge 46.7% drop in sales in March. Ouch.

NEWS SOURCE:mobile.reuters.com

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.

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