HTC to cut a quarter of its global workforce

Last Updated: Jul 03 2018 13:57

TECHNOLOGY- Taiwanese Smartphone maker HTC is all set to cut 1,500 jobs in Taiwan which makes almost a quarter of its global work force.

"Today's reduction in manufacturing workforce announced by HTC is a decisive step in the realignment of resources across the organization, and will allow more flexible operations management," HTC said in a statement.

HTC is struggling to compete with the likes of Apple and Samsung. The drop in revenue also forced HTC to sign a $1.1bn deal with Alphabet’s Google last year which will result in HTC transferring half of its smartphone research and development team to Google.

HTC manufactures Google's smartphones, the Pixel and Pixel XL.