HTC lay off 1500 Employees in Taiwan Branch
The Smartphone maker HTC has lay off 1,500 of its employees in their Taiwan production branch. This amount to 22 percent of HTC work force. This is a big downsizing. The tech company has earlier in January this year move 2,000 of its design team to Google. At which Google paid 1.1 billion dollars to purchase a part of its HTC’s business.
In June this year, HTC has promises that it will be profitable this year, only to end up in July 2 to be laying off 1,500 employees. HTC is known for producing premium high range smartphone and VR headset. The company has earlier in the year released the HTC U12Plus.