HTC – To cut 2,300 jobs

Struggling HTC is cutting 15% of its work force in an attempt to cut costs and revive its ailing smartphone business. 

The Taiwanese company announced the layoffs on Thursday, after its second quarter earnings took a dive, for a $257 million loss.

HTC declined to mention the exact number of layoffs. But as of March 31, the company had 15,685 employees, according to its most recent annual report. This means a 15% reduction could end up cutting 2,300 jobs.

Chosen excerpts by Job Market Monitor. Read the whole story at HTC to cut work force by 15%, amid struggling smartphone sales | Computerworld.