HTC to Cut 1,500 Jobs as Revenue Continues to Decline

HTC announced that it will cut 1,500 jobs from its manufacturing unit this year, roughly a quarter of its current workforce. According to HTC, this move will help better manage its resources, which are undoubtedly running thin.

Earlier this year, HTC reported a 55.5% plunge in April revenues year-over-year and a 46.7% slide in March sales.

In a statement issued by the company, “Today HTC announces plans to optimize the manufacturing organizations in Taiwan. This plan will allow more effective and flexible resource management going forward.”

As you might already know, Kellen had high hopes for HTC’s 2018. Unfortunately, the company released a phone (U12+) that barely has fully operational volume controls, let alone anything else to make it a real competitor against other devices on the market. The U12+ was a very disappointing show from the company.

Things continue to look dire for HTC.

// Reuters