SUIT THREATENED:The company said it would seek legal action if investors and the public were misled after a ‘Next Magazine’ report said that restructuring was planned
Date: Jun 08, 2017
By: Lisa Wang / Staff reporter
MediaTek Inc (聯發科) yesterday rejected speculation that new co-chief executive officer Rick Tsai (蔡力行) is to trim about 20 percent of overall workforce within a year to accelerate restructuring efforts.
“The rumored elimination of 3,000 jobs is not true,” MediaTek spokesman David Ku (顧大為) said. “The company’s operations are normal.”
Similar speculation arose after MediaTek in March announced the hiring of Tsai, who has been known in the tech industry for job cuts and strict cost management.
He served as CEO of Taiwan Semiconductor Manufacturing Co (台積電) from 2005 to 2009, and chairman of Chunghwa Telecom Co (中華電信) from 2014 to last year.