HTC to lay off 1,500 employees from its Taiwan division in an effort to save money

HTC is laying off 1,500 workers from its Taiwan manufacturing division in an effort to recover from months of poor quarterly results and try to return the long-struggling smartphone manufacturer to profitability, via Engadget.

As noted by Bloomberg Taipei's Samson Ellis, the layoffs are downsizing 22 percent of HTC's entire workforce, marking a significant reduction of the company as it tries to reorganize itself to better weather the future.

It's important to note that these 1,500 employees aren't coming from the 2,000 workers from...

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