Report: HTC Corp (2498) Lays Off 20% Of HTC America Unit

Posted Sep 14, 2013

According to The Verge, HTC Corp (TPE:2498) has laid off around 30 employees and contractors of their HTC America division.  The HTC America division has around 150 employees and contractors total.  The employees and contractors were laid off at the end of the today yesterday.

HTC America President Jason Mackenzie said that it was the most difficult day of his career.  HTC said that they are going to treat the impacted employees with respect by offering them resources to find their next opportunity.  Mackenzie said that the layoffs are part of a plan to simplify their organization and sharpen their focus.

Below is a statement that HTC made about the layoffs:

Today’s reduction in force is a decisive action by HTC Corp (US) to streamline and optimize our organization and improve efficiencies after several years of aggressive growth.  Realigning its human resources against key strategic initiatives will help HTC more effectively advance into a new stage of growth and innovation. This is a hard decision that has direct impact on people who have contributed to the growth HTC has experienced the past several years. However, to achieve our long-term goals as a business and return maximum value to our shareholders, this is a necessary step to drive ongoing innovation, ensure our ability to create strong products like the HTC One, and forge strong customer relationships that solidify our future.  HTC is proud of its employees and has a track record of hiring the best and brightest; we continue to hire in strategic areas and encourage impacted employees to apply for open positions that are a fit for their skills.

[Source: The Verge]