HTC Laying Off 1500 Jobs, Almost a Quarter of its Workforce

HTC’s smartphone business is nothing like what it was 6-7 years ago. The Taiwanese manufacturer was once at the forefront of the smartphone market. And now, it is barely making any progress in the same industry. Year over year, the company’s revenue has been dwindling. Their latest flagship has not really made a huge splash in the market.All these factors have led to HTC eliminating over 1500 jobs in its manufacturing division. That’s close to a quarter of their workforce. While this move might save them some bucks, it also leaves them with a lot fewer resources. The dwindling numbers and layoffs are indicators of a failing company that will eventually be out of the smartphone market.While HTC has its presence in the VR market where it has an array of options they come at a premium price. The market is still in its infancy and if HTC wants to bank on it, they need to change their strategy. Facebook’s $199 Oculus Go is a VR headset option that does not break your bank. And even if HTC manages to get a strategy in place, there is no surety whether the VR market would even take off. It would not be a surprise if HTC ends up in the history books as one of the brands that were, ‘Quietly Brilliant’.Source