At the end of HTC’s last fiscal year ended March 31, the company employed 15,685 people. Once the layoffs are complete, over 2,300 people will have lost their jobs, accounting for 15 percent of its employees globally.

The Taoyuan-based company said that the move was in response to a worse-than-expected performance in its tablet PC business, and aimed to ensure that the company’s resources are used efficiently.

Furthermore, the 600 redundancies including 400 production line employees of the Taoyuan plant, and 200 engineers of the Xindian plant.

On the other hand, according to DEALSTREETASIA Taiwanese companies Arima Communications Co., Asus and HTC will join other handset makers looking to tap the huge potential of Indonesian market by assembling handsets in the country. The three mobile phone manufacturer projects are estimated to require hundred millions dollar of investment.