HTC Blames COVID-19 Pandemic For Layoffs

HTC, the corporate behind the HTC Vive model, at this time confirmed workers layoffs, citing the continuing COVID-19 pandemic as one cause.

The dimensions of layoffs, which have been initially reported by Focus Taiwan, has not been confirmed at this cut-off date. In keeping with the preliminary report, that is the corporate’s second spherical of layoffs since December of final 12 months.

An official assertion from HTC reads as follows:

“Like many corporations, we’re seeing impacts from COVID-19 and world financial circumstances. HTC has continued its work to scale back expenditure by optimizing processes, practising value management and in search of prudent makes use of of recent expertise. These efforts have introduced forth optimistic outcomes akin to steady development of gross margin of our major merchandise. Nonetheless, HTC stays beneath great strain.

“After cautious dialogue and research, we’re strategically reallocating human sources to optimize firm construction and cut back operational expenditure. This has required us to make choose worker reductions internationally.  We wish to thank all HTC workers for his or her contributions and we consider these efforts will assist us to fulfill the innovation calls for of our world clients.”

Talking to UploadVR earlier within the 12 months, HTC Vive GM Dan O’Brien acknowledged that the corporate’s newest consumer-focused VR headset, the HTC Vive Cosmos, had seen a “tough begin” at launch in late 2019. The corporate hasn’t shared gross sales statistics for the gadget, however updates from the month-to-month Steam Survey counsel it hasn’t managed to seize a good portion of the PC VR panorama. Again in March the corporate launched a brand new bundle for the gadget that includes SteamVR monitoring. It additionally plans to launch a less expensive, leaner bundle known as Vive Cosmos Play someday this 12 months. HTC additionally gives a spread of enterprise-focused headsets just like the Vive Professional Eye and standalone Vive Focus Plus.

AR headset maker Magic Leap additionally introduced layoffs not too long ago, and CEO Rony Abovitz introduced he’ll step down.

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