Htc To Cut 2 250 Jobs By The End Of This Year To Reduce Its Operating Expenses
HTC today announced that it will be slashing its workforce by 15% to reduce its operating expense by more than 1/3rd. Over the last few years, HTC has seen its market share and profit rapidly drop due to the intense competition in the smartphone market. The company managed to script a comeback in 2013 with the One M7 and followed it up with the One M8 in 2014, which along with some impressive mid-range devices allowed it to turn a minute profit for some quarters....