HTC America lays off 20 percent of employees

HTC logoHTC America will let go one-fifth of its employees, it was announced on Friday. The struggling smartphone manufacturer, once the company to beat in the Android market, has fallen on hard times as Samsung has risen to prominence, and on Friday HTC announced that it would be letting go of 30 employees and contractors from its 150-member American operations. A representative called the move "a decisive action by HTC Corp. (US) to streamline and optimize our organization and improve efficiencies after several years of aggressive growth."

"To achieve our long-term goals as a business and return maximum value to our shareholders," the statement continued, "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's struggles to generate sales previously resulted in the company losing several executives to morale problems. In June of this year, the company cut executive pay in half due to repeated poor financial results.

HTC has apparently seen some success with its HTC One flagship. The company recently announced that it would double production capacity for that premium-built device due to strong demand. It is also continually working to expand on the One's apparent success, introducing the One Mini earlier this year and purportedly preparing to release the HTC One Max, a phablet version of the device.

Source: Electronista

Tags: HTC, USA

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Pokemon GO had the potential to net $1 billion a year
The report said that Hon Hai has invested about US$600 million in India
Market research firm IDC reports that in the third quarter of this year
Customers will only have to shell out 50% of the cost of their Galaxy S7 device
New flagship will launch in 2017
Patent hints at name of the upcoming Surface AIO
IBM, Globalfoundries and Samsung have chosen to use extreme ultraviolet (EUV) light to pattern transistors
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments