HTC to lay off nearly a quarter of its workforce

Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan

HTC is looking to fire another 1,500 employees

Taiwan-based smartphone brand HTC Corp. said Monday that it will lay off 1,500 employees to optimize the company's resources through a "strategic adjustment of its workforce".

HTC will be laying off 1,500 workers in its manufacturing unit in Taiwan in a move to streamline its operations and cut loses.

HTC will be letting go of 1500 employees from its Taiwanese manufacturing division.

A HTC "U11" smartphone is displayed in this illustration photo taken August 1, 2017.

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RCS is supposed to improve texting by adding features like group chat, video and GIF support and file and location sharing. He wrote that the app was sending scheduled messages early, that some messages were ending up in wrong threads.

However, the layoffs downsize HTC's overall workforce by 22 percent.

Despite critical acclaim for phones like the HTC One, the company has seen its share of the market decline steadily amid stiff competition from Apple and Samsung. Last month, under pressure from investors who were growing anxious about increasing losses and lower sales - March and April saw revenues drop 50 per cent on the previous year - the biz announced it would work to return to profitability and claimed it would do it this year.

Excluding the one-time non-core business gains from the sale, HTC's core business still incurred first quarter operating losses of NT$5.2 billion.

The round of layoffs will be completed by September and follows the merger of its smartphone and VR lines earlier this year.

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