San Francisco: Taiwan-based HTC Corporation has confirmed that it has laid off several employees from its US offices and will merge its virtual reality (VR) and smartphone departments, media reports said.
HTC said the company will undergo some reorganisation, merging its smartphone and VR businesses to reduce operation cost, The Verge reported on Friday.
"We have recently brought our smartphone and VR businesses under common leadership in each region. On Sunday, we announced a restructure in North America for the HTC smartphone business that will centralise the reporting structure within the region," HTC said.
"In doing so, there have been some employee reductions to align the businesses and empower the teams to share more resources,"
it added.