HTC India smartphone operations end with layoffs at the top level

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HTC u12 plus "title =" HTC u12 plus "/> </div> <p> HTC is pulling out of the smartphone market in India, marking the first casualty of a Chinese company following the influx of people. OEM in the region. </p> <p> According to the Economic Times newspaper, the management of HTC India, including Faisal Siddiqui, chief sales officer, Vijay Balachandran, sales manager, and R Nayyar, product manager, have published their documents on the disappearance of the company operating in the region.The company has asked its strong 70-80 team to start packing, with a few exceptions, like financial director Rajeev Tayal who seeks to stay behind for the future </p> <h2> The smartphones disappear, VR remains </h2> <p> HTC is seeking to withdraw the smartphone operation of India, it plans to have some presence in the country.It plans to sell virtual reality devices online with Taiwan controlling co Fully Indian operation.The unit will be an incredibly small operation consisting of a small number of employees. </p> <p> <strong> Not to be missed: </strong> HTC Desire 12, Desire 12 Plus now available for sale in India on Amazon: Awards, Offers </p> <p> In addition to keeping a virtual reality arm in India, a another executive has not ruled out reinstating India in the future in a different form. It is suggested that the company may return to India as an exclusive online brand, but this will only be possible once HTC has seen improved sales globally by seeking to address cash flow problems in India. Other markets of the world. However, from that moment, HTC is pulling out of the Indian market. </p> <p> "HTC owes money in several crores," said a brand distributor. HTC has been distributed nationwide in India by MPS Telecom and Link Telecom of Optiemus Group. </p> <h2> Legal Issues for HTC </h2> <p> However, the Economic Times reports an email response received by HTC; A spokesman for HTC said the company "will continue to sell its smartphones in India." Since India is an important market for HTC, the company will continue to invest in the country in the right segments and at the right time. Recent downsizing in India's office is designed to better reflect local and regional market conditions, and will help HTC to more effectively move into a new stage of growth and innovation, "said the spokesman. "There are still more than ten employees in the office in India who offer all the features." </p> <p> The sudden change in HTC's position could cause it problems with its suppliers in the country.The company could do the subject of lawsuits from several distributors for non-payment and for actions already in progress.The HTC spokesman said that he was aware of the potential conflict, but that it was not the case. there is no & # 39; has not commented before receiving all the details. "We are working with distribution partners to not disrupt business and services to our customers," she said. </p> <h2> Grouping and Remodeling </h2> <p> The call to leave some markets is not a surprise. some of its central regions. HTC saw its sales fall nearly 68% from one year to the next in June, the largest decline in two years. This decline is accompanied by a promise to release a fifth of its workforce to combat rising costs and reduced revenues. However, while HTC is pulling out of the region may seem like a big deal, the company is only responsible for 1% of market share in India, with major players OnePlus, Samsung and Apple dominating the market premium smartphones in India. </p> <p> For HTC to succeed, the company must re-evaluate its entire smartphone strategy, not only in India but around the world. The company lost its mojo when it comes to releasing a smartphone and is beaten from all angles by its competitors. It seems that HTC is doing the right thing and is retiring and regrouping before coming back with a bang. </p> <section class=

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