July 2 (UPI) — HTC introduced plans Monday to put off 1,500 employees from its Taiwanese production department.
The smartphone manufacturer showed it plans to complete the layoff procedure through September as part of a reorganization effort to extend profitability, CNN Money suggested.
“HTC continues to review its operations to make sure production instruments align with key strategic tasks, so that the corporate can extra effectively compete in its aim markets even as maintaining its innovative edge,” an organization consultant stated.
the corporate mentioned it plans to make the most of efficiency financial savings throughout the reorganization process and pledged to work with the Bureau of labor and assist all of these suffering from the layoffs.
HTC has misplaced a portion of its proportion of the cellphone market over the prior seven years, shedding to 0.3 p.c within the first quarter of this 12 months from up to 10 percent in 2011.
The reorganization attempt is the newest in a chain of shakeups in HTC’s mobile division.
After the president of HTC’s mobile department resigned in advance this yr, the corporate combined its digital fact and cell divisions into one.
the company additionally sold its Pixel cellphone crew to Google for $1.1 billion in September of final year, sending away about 2,000 workers.