HTC to Trim Workforce by 15%
HTC announced that it will take several cost-cutting measures, including the elimination of jobs. HTC plans to cut about 2,250 employees, or 15% of its headcount by the end of the year, in order save money. Between the job reductions and other actions, HTC hopes to reduce expenses by about 35%. The company is also reorganizing a bit and will form new business units to help it better focus on selling phones, develop its virtual reality tech, and market its connected lifestyle products. Once a leading maker of smartphones, HTC's global share of the smartphone market has dropped to just 2% amid fierce competition at the high and low ends of the market.
HTC's Desire Series Goes Upscale with Desire 10 Pro and Desire 10 Lifestyle
Sep 20, 2016
HTC today announced the Desire 10 series, a re-imagining of its mid-range handsets. Both the Desire 10 pro and Desire 10 lifestyle feature metal designs with matte finishes and gold highlights.
Sprint to Cut Headcount and $2.5 Billion in Costs
Oct 2, 2015
Sprint is prepared to reduce expenses by as much as $2.5 billion over the next year, reports the Wall Street Journal, and is likely to cut jobs to help it reach that goal. An internal memo sent to staff by CFO Tarek Robbiati obtained by the Journal said the cuts "inevitably will result in job reductions." Sprint had about 31,000 employees as of March.
Intel to Trim 12,000 Employees and Refocus Chip Biz
Apr 19, 2016
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources.
Sprint Cuts 2,500 Jobs to Reign In Expenses
Jan 26, 2016
Sprint has trimmed some 2,500 employees at various job sites, said the company. The cuts were primarily made at its Kansas headquarters and six customer care centers.