The confirmation came one week after HTC president of smartphone and connected devices Chang Chia-lin (張嘉臨) announced his departure from the company. “Today [yesterday] we announced a restructuring of the HTC smartphone business in North America ... In doing so, there has been a reduction of some employee positions to realign the business and empower the teams to share more resources,” HTC said in a statement. However, the size of the potential layoff would not be dramatic, as HTC has been scaling back its smartphone segments over the past few years, he said. Shares of HTC fell 1.59 percent to NT$62 in Taipei trading yesterday, underperforming the TAIEX, which lost only 0.49 percent.

Source: Taipei Times February 22, 2018 15:56 UTC