HTC cuts 2,000 jobs after biggest quarterly loss

Taiwanese smartphone maker HTC said Thursday it would cut more than 2,000 jobs, slashing its workforce by 15 percent, after posting its biggest ever quarterly loss.

The announcement came less than a week after the firm said it had swung to a deep loss of Tw$8.0 billion ($252.7 million) in the second quarter, from a net profit of $2.26 billion in the same period last year.

That saw HTC's closing share price sink to its lowest in more than a decade.

On Thursday stocks fell further, closing down 7.82 percent at Tw$50.7.