The situation does not appear to be getting much better, though, with HTC announcing that 1 500 employees will be cut from the company.
Their factories in Taiwan will shoulder most of the losses, with the 1 500 employees being laid off in order to cushion some of the blow in what what has been a lacklustre year financially.
The move has also been prompted in a bid to help boost profitability, but it’s unclear if it will have the desired effect, as a reduction in numbers by an estimated 22% will likely put more strain on its existing workforce.
Today’s announcement would also serve as the second significant shakeup for HTC in as many years. A large chunk of the company’s mobile division was absorbed by Google for roughly $1.1 billion to form part of its Pixel smartphone plans.
HTC responded to the Google switch by merging its mobile and VR divisions, and to since then have only released a handful of devices that garnered middling responses from consumers and reviewers alike, the most notable of which being the U12+.
Given the sharp decline that HTC’s mobile efforts have suffered in recent years, it seems like a question of when and not if the Taiwanese company will cut its smartphone losses altogether and focus solely on the virtual reality side of things, which remains a sector where they are performing strongly.