cdmagurus.com
09-16-2013, 08:41 AM
In another sign of trouble at HTC, the Taiwan-based smartphone maker started downsizing its U.S. operations on Friday, cutting an undisclosed number of staff.
The move is meant to "streamline and optimize" the company's U.S. organization "after several years of aggressive growth," HTC said in a Monday email. A company spokeswoman declined to specify how many employees would be affected.
"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," the company said.
HTC has been facing a difficult year on weak earnings (http://www.computerworld.com/s/article/9240585/HTC_Q2_profit_down_83_percent) that have sent its stock price tumbling. In the second quarter, its net profit plummeted 83 percent year-over-year, despite strong reviews for its flagship smartphone, the HTC One.
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The move is meant to "streamline and optimize" the company's U.S. organization "after several years of aggressive growth," HTC said in a Monday email. A company spokeswoman declined to specify how many employees would be affected.
"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," the company said.
HTC has been facing a difficult year on weak earnings (http://www.computerworld.com/s/article/9240585/HTC_Q2_profit_down_83_percent) that have sent its stock price tumbling. In the second quarter, its net profit plummeted 83 percent year-over-year, despite strong reviews for its flagship smartphone, the HTC One.
To read this article in full or to leave a comment, please click here (http://cdmagurus.com/article/2048840/htc-cutting-jobs-at-us-operations.html#jump)
More... (http://www.pcworld.com/article/2048840/htc-cutting-jobs-at-us-operations.html#tk.rss_all)