https://www.theverge.com/2018/7/2/17524936/htc-lay-off-1500-employees-taiwan-reorganize-profit

HTC is laying off 1,500 workers from its Taiwan manufacturing division in an effort to recover from months of poor quarterly results and try to return the long-struggling smartphone manufacturer to profitability, via Engadget.

As noted by Bloomberg Taipei’s Samson Ellis, the layoffs are downsizing 22 percent of HTC’s entire workforce, marking a significant reduction of the company as it tries to reorganize itself to better weather the future.