breaking news! the giant will lay off a large number of employees
2024-09-16
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south korea's samsung electronics plans to cut jobs worldwide this year, with some divisions set to cut 30 percent of their overseas staff.
reuters recently quoted sources as saying that samsung electronics has instructed its global subsidiaries to cut about 15% of their sales and marketing staff and reduce administrative staff by up to 30%. the plan will be implemented by the end of this year and will affect positions in the americas, europe, asia and africa.
the report said that the layoff "instructions" were issued about three weeks ago, and samsung india has paid severance pay to some mid-level employees who left in recent weeks. it is reported that samsung india may eventually lay off nearly 1,000 people. samsung has about 25,000 employees in india.
in response to media inquiries on the 13th, samsung electronics stated that the personnel adjustments implemented by some overseas companies are part of daily operational optimization aimed at improving efficiency, and the company has not set layoff targets for any specific positions.
according to samsung electronics' latest sustainability report, the company will have approximately 267,800 employees by the end of 2023, with more than half of them working overseas.
reuters analysis shows that key departments of samsung electronics are facing increasing pressure. the company's core chip business is recovering slowly from the severe industry recession, while in the high-end smartphone market, samsung faces fierce competition from apple and huawei.
the report quoted sources as saying that the layoffs are in response to the reduction in global demand for technology products caused by the global economic slowdown, and samsung is trying to maintain its profits by saving costs.
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