HTC America has just laid off a few employees in an effort to save some money before the Q3 results are out. A total of 30 employees have been let go from HTC America, which accounts to over 20% of its American unit. HTC has refrained from giving out specifics about this new batch of job cuts, but it is said that no specific department was targeted.
HTC is in a situation where it has to save every penny in order to sustain in this vastly competitive mobile industry. We’re not sure if this move will get the company out of turmoil, but it’s certainly a start. Despite launching stellar smartphones like the HTC One and the One Mini very recently, the company has failed to maintain momentum in the smartphone industry. However, with the arrival of the HTC One Max phablet later this year, we can expect things to change somewhat, but not drastically.
Here’s an excerpt from HTC’s original statement – “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.”
Via: The Verge