HTC to lay off nearly a quarter of its workforce

03 July, 2018, 09:59 | Author: Patty Hardy
  • HTC is looking to fire another 1,500 employees

Also, earlier this year, separate from the layoffs, HTC sold its smartphone design team to Google for $1.1 billion.

Struggling smartphone maker HTC continues to struggle.

HTC announced plans Monday to lay off 1,500 employees from its Taiwanese manufacturing division.

HTC says that the layoffs are part of a move to unite the company's smartphone and VR business under the same top executives in each region where it does business.

Lakers ticket prices skyrocket after LeBron James commits
Fanatics, the top jersey retailer in the world, is already selling a LeBron James Los Angeles Lakers jersey. James's decision came on the first day of free agency, just 20 hours after the market officially opened.

The workforce which HTC plans to lay off makes up around a quarter of the 6,450 staff it employed globally as of June.

Under the US$1.1 billion deal with Google, the U.S. tech giant took on half of HTC's research and development staff - about 2,000 people.

"With its workforce being cut on such a big scale, I don't expect HTC to report any good sales news down the road", Chang said. 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. While this did put some much-needed money into its coffers, the deal saw 2000 handset engineers become Google employees, and it included a "non-exclusive license for HTC intellectual property".

Recommended:

  • Cavaliers' life without LeBron James will be really hard, but also different

    Cavaliers' life without LeBron James will be really hard, but also different

    And Leonard, of course, is reportedly intent on coming to the Lakers at some point if he's not traded there this summer. LeBron was welcomed to the side by some of the best players from the Lakers, Kobe Bryant , and Kareen Abdul-Jabbar.
    John Malkovich Joins Jude Law in HBO’s ‘The New Pope’

    John Malkovich Joins Jude Law in HBO’s ‘The New Pope’

    The Young Pope was an worldwide co-production that aired in Italy in 2016 before it premiered on HBO in America early past year . He received Best Supporting Oscar nominations for In The Line Of Fire in 1994 and Places Of The Heart in 1985.

    Supreme Court nomination has become a campaign issue

    Bartiromo noted that as a candidate, Trump said that Roe should be overturned and abortion rights should be decided by the states. That makes them more likely than other senators in their party to support his nominee for the court.
  • Journalist Rob Hiaasen killed in attack on Maryland paper

    Journalist Rob Hiaasen killed in attack on Maryland paper

    Gazette reporter Phil Davis described the scene as a "war zone" and a situation that would be "hard to describe for a while". The article was published five days after Ramos pleaded guilty to criminal harassment, according to the Associated Press.
    Trump says he's interviewed four candidates for Supreme Court

    Trump says he's interviewed four candidates for Supreme Court

    So a nominee's position on whether or not they respect precedent will tell me a lot about whether they would overturn Roe v. Sunday morning on Meet the Press , Senator Maria Cantwell (D-WA) said this will be a key vote for everyone in the Senate.
    Hot-putting Woods shoots 65 to sit four off lead

    Hot-putting Woods shoots 65 to sit four off lead

    Ko got a confidence boost when she won the LPGA MEDIHEAL Championship at Lake Merced near San Francisco in late April. England's Chris Wood was second after a 68 at Le Golf National, where the Ryder Cup will be held in September.
  • Neymar: Brazil star is PATHETIC and a top-quality ACTOR - Martin O’Neill

    Neymar: Brazil star is PATHETIC and a top-quality ACTOR - Martin O’Neill

    Edinson Cavani scored twice and Cristiano Ronaldo none, giving Uruguay a 2-1 victory over Portugal on Saturday at the World Cup . Brazil is undefeated in 4 matches against Mexico in the World Cup , keeping 4 clean sheets against them.
    Thieves drain bank account of 112-year-old veteran

    Thieves drain bank account of 112-year-old veteran

    Although it's unclear if the funds will be recovered, the Overtons have a GoFundMe page to help cover his living expenses. In 2013, he was honored by then-President Barack Obama during a Veterans Day ceremony at Arlington National Ceremony.
    Mbappe Donates World Cup Match Fees, Bonuses To Charity

    Mbappe Donates World Cup Match Fees, Bonuses To Charity

    Mbappe turned down Chelsea and Liverpool, but could have easily been an Arsenal player. Mbappé shredded Argentina with two goals to send France into the quarterfinals.
  • LeBron James to join Lakers for $154 million over 4 years

    LeBron James to join Lakers for $154 million over 4 years

    The Cavs are now faced with a roster that has more than $102 million in guaranteed contracts, and little chance to contend. Caldwell-Pope, 25, will head into his second season with the Lakers after finishing a one-year, $18 million deal .
    Aussie Smith makes winning return at GT20

    Aussie Smith makes winning return at GT20

    The former opener, who is now playing in Global T20 league, also dismissed the suggestions that he should not be allowed to make a comeback to cricket.
    Woman found alive inside morgue fridge after being declared dead

    Woman found alive inside morgue fridge after being declared dead

    The woman, who had suffered serious head injuries, was rushed to Leratong Hospital in nearby Krugersdorp, where she remains. Distress Alert operations manager, Gerrit Bradnick, confirmed that the paramedic services had declared the woman dead.


Popular

Dell becomes public company 5 years after buyout
A report by the Wall Street Journal suggests that Dell could be on the verge of becoming a public company once again. In January this year it became apparent Dell was considering a return to public ownership with VMware involvement .

Thai navy divers widening passage in search for boys lost in cave
There had been no contact with the boys, aged between 11 and 16, since they went missing with their 25-year-old coach on June 23. There have also been suggestions that drilling could be another way to get to the boys, and to help them out.

Suspect charged with five murders in shotgun attack on Maryland newsroom
The groups are urging journalists around the globe to join The Baltimore Sun Media Group's moment of silence at 2:33 p.m. Capital Gazette columnist Terry Smith claimed the newsroom was vulnerable to an attack.

Ex-Lakers center Julius Randle joining Pelicans on 2-year, $18M deal
Unless Ball is traded away, he would most likely be demoted to a bench role with fellow youngsters Josh Hart and Moe Wagner. Rondo, 32, averaged 8.3 points, 8.2 assists and 4.0 rebounds per game last season for the New Orleans Pelicans .

Brazil beat Mexico to reach quarterfinals; Tweeple celebrate with Neymar memes
A video review reversed the decision to award a penalty kick and Neymar's frustrations a few minutes later led to a yellow card. Brazil: Alisson 6, Fagner 6, Silva 5, Miranda 6, Luis 6, Casemiro 6, Paulinho 5, Willian 8, Coutinho 5, Neymar 8, Jesus 5.

Fallen Kingdom tops weekend box office again
Incredibles 2 is No. 2 at the box office this week, closing out its third outing with a domestic total of $439.7 million. The film has been a favorite with critics and viewers, earning a 93 percent on Rotten Tomatoes and an A+ CinemaScore .

Prince William's response to assistive tech during Israel visit
At the Western Wall, the holiest site in Judaism, he wore a kippah, or skull cap, and placed a written prayer in the wall. Mary Magdalene near the Garden of Gethsemane, which contains the gravesite of his great-grandmother, Princess Alice.

Trump’s former personal lawyer says he’ll put family first
His attorneys have advised him to stop talking about the case, Cohen explained, and so he's not commenting at all. Cohen and his lawyer, Guy Petrillo , did not immediately respond to Reuters' request for comment.

OnePlus officially announces OnePlus 6 in red
While it will be available globally starting July 9th, it goes on sale from July 16th in India . We're not sure how many red shades are there on the color wheel but we welcome any red gadget.

Win by López Obrador Pushes Mexico Sharply to Left
Lopez Obrador pushed back against plans for a border wall in a book he wrote titled " Oye Trump , or "Listen Trump". State representatives and local officials are also among the more than 3,400 seats contested in the election.