HTC is known to be one of the big cell phone manufacturers in the United States but because of competition from Samsung and other companies, HTC is not gaining the market share that they need. For the last couple of months HTC has been having financial issues and other issues in their company. Due to all of the issues in their company, HTC has laid off 20 percent of the 150 employees in the States.
HTC has been on the decline for the last two years and might actually have a loss in the third quarter. It looks like HTC might be making several more layoffs in Taiwan but all of this can be accounted for because HTCs staffing is setup for growth. With the company not making as much as they would like, they have to cut the amount of employees down to match the amount of business they have.
Despite these cuts, HTC wants all of their customers and potential customers to know that they are still going to be making top of the line product like the HTC One. Below is an official statement from HTC.
Today’s reduction in force is a decisive action by HTC Corp (US) to streamline and optimize our organization and improve efficiencies after several years of aggressive growth. Realigning its human resources against key strategic initiatives will help HTC more effectively advance into a new stage of growth and innovation. This is a hard decision that has direct impact on people who have contributed to the growth HTC has experienced the past several years. However, to achieve our long-term goals as a business and return maximum value to our shareholders, this is a necessary step to drive ongoing innovation, ensure our ability to create strong products like the HTC One, and forge strong customer relationships that solidify our future. HTC is proud of its employees and has a track record of hiring the best and brightest; we continue to hire in strategic areas and encourage impacted employees to apply for open positions that are a fit for their skills.
JASON MACKENZIE HTC
Source | TheVerge
Via | AndroidandMe