HTC on Sunday confirmed earlier reports that a new round of layoffs swept the company’s U.S. headquarters late last week. Multiple initial reports suggested as many as 150 jobs were cut, however the actual figure was apparently much lower. “[The layoffs were] a decisive action by HTC Corp (US) to streamline and optimize our organization and improve efficiencies after several years of aggressive growth,” HTC said in a statement to AllThingsD, which noted that about 30 jobs were cut this past Friday. HTC’s statement continued, “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.” Earlier this month, HTC posted unaudited August revenue that declined about 47% from the same month last year.
HTC confirms layoffs at U.S. headquarters
Published Sep 16th, 2013 8:00AM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
