https://www.techradar.com/news/htc-reveals-major-job-cuts-in-smartphone-pivot

HTC is laying off a quarter of its workforce as it continues to adapt to slowing smartphone sales and an increased focus on Virtual Reality (VR).

According to Reuters, as many as 1,500 jobs will be cut at its manufacturing plant in Taiwan before September. It is speculated that the company, which employs 6,450 people worldwide, wants to bring its smartphone and VR businesses in each region under common leadership.