At least 20% of the workforce at HTC America has been laid off in an effort to turn the fortunes of the company around. What that translates to in ordinary language is that 30 employees from a total of 150 workers were told that their services were no longer needed. HTC is engaged in a battle to remain economically viable.
In the cutthroat times we live in, firms mushroom and fail at an extremely fast rate. Unfortunately, HTC happens to be a loser at present. Its future remains precarious and all the blame has been squarely directed at the CEO, Peter Chou. His quick decisiveness worked in the past but today it has proven to be a liability more than an asset.
The downsizing has been labeled as a form of optimization and a process of evolution for the organization in its struggle for growth amidst the competitive global climate of today. The division president spoke of how those who were laid off would be treated humanely by provision of resources so that they can find fresh employment opportunities. The action was also taken in order to increase the efficiency of HTC.
Despite the success of the HTC One by this conglomerate, its halcyon days of yore have not returned. Currently, it is in a sort of limbo that may lead to a breakdown or breakthrough depending upon the initiative taken by the company execs.
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.