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Desperately seeking profitability, HTC lays off 1,500 more employees
In a desperate bid to stop the bleeding, HTC has announced that the company is laying off 1,500 employees. The job cuts affect HTC’s manufacturing plants, reducing the company’s estimated headcount from 6,450 to roughly 5,000 employees. HTC has not been profitable in years and has undergone multiple restructurings in attempt to reduce spending. This latest attempt…
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HTC restructuring leads to layoffs in the US
HTC announced today that it is restructuring its business within the US, merging its smartphone and Vive businesses into a single reporting structure to “centralize the reporting structure within the region. In doing so, there have been some employee reductions to align the businesses and empower the teams to share more resources.” The company did not…
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HTC’s President of Smartphone Business steps down
As of today, Chialin Chang, President of HTC’s Smartphone and Connected Devices Business is no longer with the company. The announcement from HTC states that Chang left the company on his own as a personal career decision, it’s possible that he was forced out of his position in an effort to bring in new leadership…
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HTC Pixel team is now officially owned by Google
Google is officially the proud owner of the Pixel team. The $1.1 billion deal between Google and HTC resulted in the transfer of 2,000 of HTC’s R&D team over to Google in addition to a licensing agreement which gives Google access to HTC’s intellectual property. Google has not mentioned where its new Taipei team will…
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Taiwan’s Investment Commission approved HTC/Google deal
Late Friday, Taiwan’s Investment Commission approved Google’s $1.1 billion acquisition of HTC’s ODM business which was originally announced in late September. With the approval granted, the deal between Google and HTC is expected to close in Q1 of 2018. HTC’s stock price jumped nearly 6% on Monday and is expected to continue to climb in 2018. The deal…
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HTC’s operating costs will plummet 30-40% once Google deals is approved
The deal HTC struck with Google last week still needs to be reviewed by regulators and likely don’t go into effect until early 2018, but it’ll a significant impact on HTC’s bottom line. Yes, an extra $1.1 billion in cash will definitely help HTC get back on its feet, but selling off half of its…
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What does the new Google partnership mean for HTC?
With the official announcement that HTC will be getting a $1.1 billion cash influx from Google, you may be wondering how things are going to play out for our friends at HTC. We don’t claim to have any insider knowledge in regards to HTC’s future roadmap, but the details that were unveiled in part of…