Struggling smartphone maker HTC plans to lay off around 25% of its staff, slashing 1,500 jobs - Creak News

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Struggling smartphone maker HTC plans to lay off around 25% of its staff, slashing 1,500 jobs

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HTC U12+ PhoneHollis Johnson/Business Insider

TAIPEI - Smartphone maker HTC plans to slash around a quarter of its global workforce through job cuts at its manufacturing unit in Taiwan, in a bid to better manage resources as the company continues to battle dwindling sales.

The job cuts indicate fresh hiccups for the struggling Taiwanese mobile phone maker that once sold one in 10 smartphones globally, but has seen its market share decline amid mounting competition from Apple, Samsung Electronics Co  and Chinese rivals.

See the rest of the story at Business Insider

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