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HTC to drop 600 employees as cost cutting efforts continue

by Killian Bell | September 1, 2015September 1, 2015 4:43 am PST

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HTC is planning to layoff 600 workers in Taiwan as its cost cutting efforts continue, according to a new report. The move is set to take place at the end of October, and is part of HTC’s larger plan to shed 15 percent of its workforce.

Around 400 of those workers are based at HTC’s headquarters in Taoyuan, and they work in research and development and production, DigiTimes reports. The news was confirmed by the Taoyuan City Government, which has “received the layoff plan from HTC.”

The New Taipei City Government has also confirmed that the other 200 cuts will be made at HTC’s Xindian production plant, and those affected are mostly research and development personnel.

HTC confirmed last month that it plans to reduce its operating costs by 35 percent and shed 15 percent of its workforce as its handset business continues to struggle against strong competition from rivals like Apple, Samsung, LG, and Motorola.

HTC currently has more than 15,000 employees, so its layoff plan suggests around 2,250 will be cut.

DigiTimes

Killian Bell

Killian Bell is a 20-something technology journalist based in a tiny town in England. He has an obsession with that little company in Cupertino...

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