HTC to lay off 25% staff, decision to affect 1,500 employees
Smartphone maker HTC plans to lay off 25% of its workforce, a decision which would affect 1,500 employees at its manufacturing unit in Taiwan. The layoffs "will allow more effective and flexible resource management going forward", the company said. It comes after HTC posted a $170-million operating loss in the first quarter of 2018 while revenue dropped to $290 million.