HTC Lays Off 1,500 as Device Star Fades

HTC announced Monday that it has laid off 1,500 employees in Taiwan -- or over 20% of its workforce -- as it continues to struggle to maintain a foothold in the mobile device market.

High Tech Computer Corp. (HTC) (Taiwan: 2498) has now dropped to an also-ran smartphone vendor position, behind Apple, Samsung, Huawei, Xiaomi and OPPO, where in 2010, it was the fourth-placed vendor, according to IDC . The latest release from the company is the HTC U12+.

Google (Nasdaq: GOOG) bought out the HTC engineers that developed its own-brand Pixel phone line for $1.1 billion in September 2017. That transition helped relieve financial pressure on HTC, but also deprived the vendor of engineering talent. (See Google Buys HTC's Pixel Team for $1.1B.)

HTC shares are down 0.53% to $56.60 TWD (USD$1.85) on trading on the domestic Taiwanese market Monday.

— Dan Jones, Mobile Editor, Light Reading

Michelle 7/23/2018 | 2:56:42 PM
Re: Farewell Wow, in that light the situation seems downright dire. I wonder if they'll keep launching new phones. I guess that could depend on the areas that were cut during the layoff...
kq4ym 7/16/2018 | 8:20:30 AM
Re: Farewell You can almost safely bet that laying of one-fifth of your employees in a large company is a sign that all is not well. Whether they'll be able massage their business plan to survive among the steady competition will be interesting to watch.
Michelle 7/2/2018 | 7:26:16 PM
Farewell 20% seems like a lot. It's sad to see this announcement.
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