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HTC to lay off 1,500

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Taiwanese smartphone manufacturer HTC plans to lay off 1,500 employees.

Officials said the cuts are part of a broader "realignment of resources across the organization."

"HTC continues to review its operations to ensure production resources align with key strategic initiatives, so that the company can more effectively compete in its target markets while maintaining its innovative edge," an HTC spokesperson said in a statement.

The layoffs are expected to be complete by September.

Read more from CNNTech.

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