HTC America Lays Off 20% Of it’s Workforce

Friday the 13th wasn’t a good day for a few peeps over at HTC America, 20% of HTC America’s workforce was laid off yesterday. The Verge has learned that 30 out of 150 employees and contractors at HTC America were laid off Friday with the reason being :-

“part of a broader plan to simplify our organization, sharpen our teams focus, improve our speed in decision-making, and drive greater empowerment through our team, while reducing our overall cost structure.”

Below is the full copy of the statement from HTC:-

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.

It looks like HTC is not able to cope up with the competition from Samsung and also is not able to meet the goals they set up internally. Lets hope things change for good in HTC’s favor, the One is definitely a great phone but staying a step ahead of Samsung is what HTC needs to do.