HTC Announces Layoffs Amid Coronavirus Pandemic – Road to VR

HTC has confirmed that it’s shedding employees in an effort to streamline its enterprise amid the coronavirus (COVID-19) pandemic.

The information was first reported by Taiwan’s English language China Information Company, stating that HTC was set to “strategically alter” its employees and proceed optimizing its organizational construction to cut back operational prices.

An HTC spokesperson confirmed this with Highway to VR, citing a direct influence of the coronavirus pandemic.

“Like many firms, we’re seeing impacts from COVID-19 and international financial circumstances. HTC has continued its work to cut back expenditure by optimizing processes, training value management and in search of prudent makes use of of latest expertise. These efforts have introduced forth optimistic outcomes equivalent to steady progress of gross margin of our major merchandise. Nonetheless, HTC stays underneath large strain,” the HTC spokesperson advised Highway to VR.

“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 the world over. 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 international clients.”

China’s enterprise and finance publication Jiemian (Chinese language) studies the corporate’s VR division was immediately affected by the layoffs. The spokesperson declined to substantiate which departments are concerned or the variety of workers affected. A supply acquainted with the matter advised Highway to VR that layoffs received’t have an effect on China-based employees.

This isn’t the primary time HTC has wanted to strategically reduce employees. In 2015, the corporate laid off 2,250 workers, or about 15 p.c of its workforce on the time. Two years later, Google acquired a lot of the corporate’s smartphone engineering expertise and mental property for $1.1 billion, leaving it to reorganize round its VR efforts.

Regardless of having captured basically half of the VR market share reverse Oculus, in 2018 HTC laid off 1,500 of their Taiwan-based workers within the firm’s manufacturing division. On the finish of 2019, HTC reduce an unspecified variety of workers from its payrolls shortly after assuming its present CEO, Yves Maitre, who vowed to develop the corporate within the path of each 5G and XR.

Outdoors of its smartphone troubles, HTC has had difficulties seizing the buyer VR market after its preliminary success with the unique HTC Vive launched in 2016; lots of its headsets afterwards straddled the enterprise and prosumer segments such because the higher-resolution PC VR headset HTC Vive Professional and the standalone Vive Focus Plus. Arguably its second bona fide PC VR headset focused immediately at shoppers, Vive Cosmos, confronted various obstacles with shoppers, particularly its excessive worth and relative lackluster monitoring and ergonomics.

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