Taiwan’s HTC cuts 2,000 jobs after biggest quarterly loss


Hard hit: HTC is slashing its global workforce in light of dismal earnings.

TAIPEI: Taiwanese smartphone maker HTC said it would cut more than 2,000 jobs, slashing its workforce by 15%, after posting its biggest ever quarterly loss. 

The announcement came less than a week after the firm said it had swung to a deep loss of Tw$8bil (RM1bil) in the second quarter, from a net profit of US$2.26bil (RM9.10bil) in the same period last year. 

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

How Agility Robotics uses artificial intelligence, from their humanoid 'Digit' to everyday workflow
Man who lost key motion in Elon Musk suit alleges judge used faulty AI
Netflix inks deal for exclusive video podcasts, episodes on YouTube will disappear
Nvidia to license Groq technology, hire executives
Spotify says piracy activists hacked its music catalogue
Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
Podcast industry under siege as AI bots flood airways
Do online comments sections reflect public opinion? Study casts doubt
AI resurrections of dead celebrities amuse and rankle
US adds new models of China’s DJI and all other foreign-made drones to its blacklist

Others Also Read