Android World Update # HTC America cuts 20 percent of its employees to 'streamline and optimize' the company

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HTC America cuts 20 percent of its employees to 'streamline and optimize' the company Sep 14th 2013, 21:05, by Andrew Martonik Exact number of employees and departments affected still unknown Word has come out today that HTC has laid off about 30 employees and  contractors from its HTC America division, which amounts to about 20 percent of its workforce. According to a statement given to The Verge, these layoffs are strategic moves to help "streamline and optimize our organization," with a focus on slimming down the company amidst lackluster financial results. At this point it isn't clear which employees have been let go and from which departments, but sources say that the layoffs spanned across multiple areas of the business. In a time where profits and sales haven't been as high as expected and HTC's market share has stayed small or slightly declined in most areas, it really comes as no surprise that layoffs would be coming given the somewhat rocky state the company is in. Jason Mackenzie, President of HTC Americas, has said in a letter to employees that those affected by the layoffs will be treated with respect and the company will provide them with resources necessary to continue their careers elsewhere. HTC's official statement is quite lengthy, and can be found after the break. Source: The Verge read more

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