RESTRUCTURING: With revenue forecast to fall 13.05 percent year-on-year, the firm is realigning its US team, but had ‘nothing else to announce’ regarding layoffs elsewhere

Taipei Times
Date: Feb 23, 2018
By: Lauly Li  /  Staff reporter

HTC Corp (宏達電) yesterday confirmed that it plans to reduce the number of employees on its US team, as the company merges its smartphone and virtual reality (VR) divisions to centralize its organizational structure and resources.

The confirmation came one week after HTC president of smartphone and connected devices Chang Chia-lin (張嘉臨) announced his departure from the company.

“Today [yesterday] we announced a restructuring of the HTC smartphone business in North America … In doing so, there has been a reduction of some employee positions to realign the business and empower the teams to share more resources,” HTC said in a statement.    [FULL  STORY]