According to a report by the China Taiwan Network, Taiwan HTC announced today that it will start an organizational optimization policy, which will lay off 1,500 people by the end of September this year, with nearly a quarter of layoffs.
HTC will carry out organizational optimization and strategic human resource allocation adjustment in the manufacturing sector in Taiwan. It is expected to reduce the number of employees in the manufacturing department by 1,500, so that resources and professional manpower can be used more effectively in the future. The plan is expected to be completed by the end of September.
The report also pointed out that HTC shares closed at HK$56.6 today, and in April 2011, it rushed to NT$1,300, and was listed as the 'Taiwan stock king'. The market value once reached a historical peak of 1.06 trillion yuan. Under the challenge of strong rivalry in the mobile phone business, HTC chose to invest in VR (virtual reality) related business. In the past few years, it only burned money, and it has little help for revenue.