Smartphone maker HTC slashes 30 jobs at US facilities
HTC chose Friday the 13th to lay off around 30 employees and contractors at its U.S. facilities, or about 20 percent of its workforce at HTC America, The Verge is reporting.
In a statement, HTC confirmed the cuts but did not provide numbers. In classic PR spin, HTC said the "reduction in force" will help the firm "streamline and optimize" operations and "improve efficiencies." Translation: We screwed up and we have to lay off people.
"Realigning its human resources against key strategic initiatives will help HTC more effectively advance into a new stage of growth and innovation," the pablum continued.
HTC was hoping the launch of its Android HTC One smartphone this spring would turn around its fortunes, but that apparently did not happen, as Korea's Samsung continues to dominate Android-based smartphone sales.
HTC continues to bleed financially, having reported an 83 percent drop in profit for the second quarter.
News of the U.S. layoffs, along with predictions that the firm's smartphone sales would fall below 20 million units this year and reports of production cutbacks at its Taoyuan plant, spurred a 3 percent drop in HTC's share price on the Taiwan Stock Exchange in Monday trading, according to Focus Taiwan. However, the share price recovered somewhat by the close of trading.