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HTC lays off nearly a quarter of its entire workforce

Smartphone maker HTC is laying off 22 percent of its entire workforce. 
The company has seen a string of terrible quarterly results as the business has been battling poor sales and undergoing reorganization efforts in an attempt to return to profitability.
SEE ALSO: Elon Musk announces companywide Tesla layoffs in leaked email
According to Reuters, around 1,500 workers from HTC’s Taiwan manufacturing division will lose their jobs. These layoffs are in addition to to earlier layoffs at the company’s U.S. offices as part of part of a restructuring that combined its smartphone and VR divisions. Also, earlier this year, separate from the layoffs, HTC sold its smartphone design team to Google for $1.1 billion. The smartphone manufacturer employed 6,450 people as of June. Read more…More about Business, Smartphones, Htc, Layoffs, and Tech

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