Reported 10 months ago
As Taiwan faced multiple closures and layoffs in various industries, a major tech company announced a loss of 65 billion and planned to lay off 4,000 employees globally. The company also intends to reduce production of polarizing plates used in LCD screens, impacting Taiwan. Previously the second-largest manufacturer, the company's financial struggles stem from decreased TV demand, increased competitors, and rise of Chinese manufacturers. The decision to cut jobs and production capacity due to market shifts poses significant challenges for the affected employees and factories.
Source: YAHOO