HTC announced today it would be eliminating over 20% of its workforce in the U.S. the smartphone manufacturer based in Taiwan announced it would reduce its workforce in the U.S. as it attempts to optimize and streamline its operations.
The job cuts would affect close to 30 employees that represents 20% of the 150 strong HTC workforce in the U.S.
The reduction in workforce today is a dramatic action taken by the arm of HTC in the U.S. the company said in a prepared statement. Optimizing and organizing the efficiencies were needed following several years at the company of aggressive growth.
The statement added that realigning human resources against its key initiatives would help it advance more effectively into another stage of innovation and growth.
The company added that it was a difficult but necessary decision that directly impacted people who contributed to the growth that has been experienced by HTC over the last several years.
Nevertheless, the statement concluded, to achieve the goals over the long term that have been established as a business, and return the necessary maximum value to the company shareholders, the step taken to reduce the workforce was needed.
It will help push forward ongoing innovation and ensure the creation of strong products in the market such as the HTC One, while at the same time forging strong relationships with customers that help to solidify the company’s future.
The company said it would continue to hire in areas that are strategic and encouraged the employees impacted by the cuts to apply for other open positions that their skill set fits in to.
HTC has struggled financially lately. Two months ago, the company warned it was expecting a third quarter loss this year.
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