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HTC lays off staff at factory
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Old 2nd September 2015, 19:50   #1
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Default HTC lays off staff at factory

Troubled smartphone manufacturer HTC will make 400 people redundant at its home facotry of Taoyuan by the end of October.

That follows a plan Cher Wang (pictured), CEO of HTC, announced last month.

She plans to slash as much as 15 percent of its staff worldwide, as part of a drastic restructuring at the company caused by lack of profits.

HTC, once a bright star in the smartphone firmament, has faced stiff competition from Apple and Samsung in recent years.
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