HTC to slice 1,500 from workforce

Even the Vive wasn't enough to keep HTC intact.
Even the Vive wasn’t enough to keep HTC intact.

Taiwan smartphone maker HTC is making a cut of the most painful kind — by slicing 20 percent of its workforce. The decision to swallow the bitter pill comes in the wake of heavy losses and strong competition.

Besides having to compete with behemoths Apple and Samsung, HTC has to contend with a number of China brands that are making their presence felt across the world.

Even the US$1.1 billion deal with Google to take 2,000 research and development staff and make Pixel phones was insufficient for the company.