<p>Handset maker HTC today said it will slash its headcount by 15 per cent globally, a move that could impact as many as 2,000 jobs after the Taiwanese firm posted its biggest ever loss in the second quarter this year.<br /><br /></p>.<p>Earlier this week, HTC had posted a loss of 8.0 billion Taiwanese Dollar (USD 252.7 million) for the second quarter as against a net profit of USD 2.26 billion in the same period, last year.<br /><br />The business realignment positions the company for a significant profitable growth with a leaner and more agile operating model, HTC said in a statement.<br /><br />"The realignment will also involve streamlining of operations to result in an expected reduction in operating expenditure of 35 per cent; this includes an expected 15 per cent in headcount," it added.<br /><br />HTC said the program includes the establishment of new business units to create greater focus and profitable growth in key areas of premium smartphones, virtual reality, and connected lifestyle products.<br />"Now, as we diversify beyond smartphones, we need a flexible and dynamic organisation to ensure we can take advantage of all of the exciting opportunities in the connected lifestyle space," HTC Chairperson and CEO Cher Wang said.<br /><br />This strategic realignment of business will ensure that each product group has the right focus, the right resources and the right expertise to win new markets, she added.</p>
<p>Handset maker HTC today said it will slash its headcount by 15 per cent globally, a move that could impact as many as 2,000 jobs after the Taiwanese firm posted its biggest ever loss in the second quarter this year.<br /><br /></p>.<p>Earlier this week, HTC had posted a loss of 8.0 billion Taiwanese Dollar (USD 252.7 million) for the second quarter as against a net profit of USD 2.26 billion in the same period, last year.<br /><br />The business realignment positions the company for a significant profitable growth with a leaner and more agile operating model, HTC said in a statement.<br /><br />"The realignment will also involve streamlining of operations to result in an expected reduction in operating expenditure of 35 per cent; this includes an expected 15 per cent in headcount," it added.<br /><br />HTC said the program includes the establishment of new business units to create greater focus and profitable growth in key areas of premium smartphones, virtual reality, and connected lifestyle products.<br />"Now, as we diversify beyond smartphones, we need a flexible and dynamic organisation to ensure we can take advantage of all of the exciting opportunities in the connected lifestyle space," HTC Chairperson and CEO Cher Wang said.<br /><br />This strategic realignment of business will ensure that each product group has the right focus, the right resources and the right expertise to win new markets, she added.</p>