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samsung electronics was revealed to have laid off thousands of employees, involving southeast asia, australia, new zealand and other places

2024-10-02

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it house news on october 2, bloomberg reported that samsung electronics is laying off thousands of employees worldwide, including in southeast asia, australia, new zealand and other regions.

the layoffs could affect about 10% of employees in those markets, people familiar with the matter said, although the exact number may vary for each subsidiary. in addition, samsung's other overseas subsidiaries also plan to lay off employees, and the number of layoffs in some markets may account for 10%. another person familiar with the matter revealed that samsung has also recently cut about 10% of its positions in india and parts of latin america.

it house noted that samsung’s latest sustainability report shows that the korean company currently has about 147,000 employees outside its home market, accounting for more than half of its total employees of more than 267,800.

another person familiar with the matter said that employees from different teams in samsung singapore were summoned for private talks with hr and their reporting leaders on tuesday (october 1), and were then informed of the details of the layoffs and severance compensation package.

"some overseas subsidiaries are making routine workforce adjustments to improve operational efficiency," a samsung spokesman said. "the company has not set a target headcount for any specific position."