HTC

HTC will cut 15% of its global workforce to reduce operating expenses

HTC will cut 15% of its global workforce to reduce operating expenses
In another depressing bit of news today, following Lenovo's announced intentions to fire 3,200 employees, HTC proclaimed it's about to cut 15% of its global work force. As the Taiwanese company numbers about 15,685 people worldwide, the cuts will result in more than 2000 employees losing their jobs.

HTC CEO Cher Wang commented that the exemption of personnel will help the company "diversify beyond smartphones" and will contribute to a "flexible and dynamic organization" that will take advantage of "exciting opportunities in the connected lifestyle space". Indeed, HTC will be looking beyond smartphones for growth, which makes sense considering how unforgiving the market has become. 

But will HTC manage to persevere through the baby years of the Internet of Things movement that it's now looking to spearhead? VR headsets like the Vive, wearables and such aren't exactly the short term profit engines a company in such a dire financial situation needs right now.

Still, the job cuts will reduce HTC's expenses by 35%, which may help the company stabilize and realign itself.

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9 Comments

1. Ghost04

Posts: 522; Member since: May 03, 2014

They should cut 100% workforce to make things perfect .

2. Taters

Posts: 6474; Member since: Jan 28, 2013

They should just sell the company now while some sucker might still snatch them up.

3. 99nights

Posts: 1152; Member since: Mar 10, 2015

Haha yes I completely agree.

4. EbonyPericarp

Posts: 67; Member since: May 02, 2015

Or they could make a deal with BlackBerry to sell a phone with QNX powered android... it would be unrootable and secure.

5. A.J.Ever66

Posts: 15; Member since: Aug 13, 2015

From working in a wireless store, I found HTC's are very well built phones hardware and software. Or at least the M8 and M9 are. I'm actually disappointed they aren't more popular, but understand it's due to the Arms Race between Apple and Samsung and their users trying to reach ultimate social status.

6. A.J.Ever66

Posts: 15; Member since: Aug 13, 2015

From working in a wireless store, I found HTC's are very well built phones hardware and software. Or at least the M8 and M9 are. I'm actually disappointed they aren't more popular, but understand it's due to the Arms Race between Apple and Samsung and their users trying to reach ultimate social status.

7. TezzaBP

Posts: 274; Member since: May 18, 2015

This is beginning to get really sad, come on HTC, I believe in you guys

8. Af1rPA

Posts: 712; Member since: Jun 12, 2014

The CEO and her eexecutives are the ones who should be cut, not the littles guys. What a Hopeless Tech Company.

9. jeroome86

Posts: 2314; Member since: Apr 12, 2012

I'm afraid it's over for them. They're bleeding out bad.

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