X

General

Samsung to reduce workforce by 10 percent at its headquarters

According to a Korean newspaper Samsung is gearing up to reduce the workforce at its headquarters by 10 percent as it feels the pinch from Apple in the high-end market segment and from Chinese vendors in the mid-range and low-end segment. The report claims that Samsung will be targeting the layoffs in human resources, finance and public relations departments, the company is also reportedly going to cut additional expenses in the coming year. As of June 30th the company had some 98,999 employees at its headquarters so a 10% reduction would leave quite a few people out of a job.

Samsung is likely making these cost cutting moves following the rapid decline in its market value, it has lost some $40 billion in market value since April this year, given that the Galaxy S6 and the Galaxy S6 edge didn’t exactly do much to turn the company’s fortunes around. Samsung’s share of global smartphone shipments is also down by 3 percentage points in the second quarter and it has been dethroned as the top vendor in China, which happens to be the biggest mobile-phone market in the world. It’s certainly a challenging time for the Korean company.

Via

16 Comments

Sign in »

16
Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

melvarius
melvarius

try reducing the amount of devices and focusing on supporting the devices you have. for the most part samsung produce decent devices but the support of your flagships sucks ass big time.
that turns me away from upgrading to your newer devices and you will lose my custom when i get round to upgrading.

eHoolie
eHoolie

Hopefully they’re laying off all the people that had anything to do with the Note 5 design.

tampa8
tampa8

Users spoke and Samsung didn’t listen. This is the longest I have gone without updating to a new phone and it looks like when I do it won’t be Samsung. At this point my Note 4 will be good for awhile. Look for more downsizing.

SShadowS
SShadowS

Would love to buy one of their phones, but they won’t sell it to me. (No Note 5 in Denmark/EU)

kronicle
kronicle

How does Samsung share price compare to other Global companies? Well you only need to put Apple’s, Google’s and Samsung’s Electronics Division Only side by side and you’ll find that … “it’s the economy……. STUPID”! …..which is what often gets quoted in a down trending global market and has nothing to do with the complete Top to Bottom Reorganization Samsung Group is going through right now! link: google dot com finance?q=KRX:005930 Blame China……. not Samsung or better yet blame Apple because they are all in China and don’t have Brazil, India or even their own US market Samsung still owns… Read more »

Danny D.
Danny D.

We asked Samsung. But there was no official statement.

kronicle
kronicle

This is so freaking ridiculous…. it’s pathetic. Falling for this FUD and Misinformation is best suited for Apple fans. Who are gullible enough to believe all these suppositions and misinformation. Fact: True Samsung is laying off mostly unnecessary upper management bloat and redundant positions. Naturally just like as if the US Government ever figured out how ridiculously bloated and mismanaged they are, we’d end up with a lot less brainless dweebs all spending their time twiddling their thumbs and plugging the holes in their rears with their fingers! Few seem to realize that Samsung Group is doing a complete Top… Read more »

xpinternetsolutions
xpinternetsolutions

S6 copy of the iPhone 6? Are your guys on drugs.

The only resemblance between the two is the bottom where they both have the earphone plug, some holes for the spear (both very different) and the cable connector.

They are different in any other aspect. What a bullshit.

Besides the looks, the S6 is a far better smartphone dan the iphone.

ThaiM
ThaiM

But… but… but… the new Samsunk devices are so shiny. And it has UFS mini storage.

magueule
magueule

Of course this is sad for all the people who are going to lose their jobs. But Samsung can only blame themselves. They’re paying the bitter price of all the poor decisions they’ve made in the last few years: – making the S6 an Iphone clone, – inundating the market with so many models you can’t even distinguish them any more – focusing on marketing gimmicks (“oh my god, curved edges…but wait, what purpose do they actually serve?”), – saying one thing and then its exact opposite (for years: “unlike Apple, we offer you removable batteries and micro SD slots”;… Read more »

bwonan
bwonan

Please stop with the S6 “iphone clone” crap…….Google the Samsung Ativ S phone….then ask what the iphone resembles. Pretty much every manufacturer copies and improves to an extent. What about iphone with the “perfect 3.5′ display?” I remember Apple would not increase the display, then what…copied other manufacturers display sizes. Notification pull down, where did apple get that? Pull up for toggles, where did that idea come from? Do you see a pattern? Apple is not that innovative, they do the same thing as other manufacturers. They just have a better marketing strategy. Pick a phone you like and use… Read more »

magueule
magueule

Hello, 1/ My “Iphone clone” comment was a reference to the fact that Samsung opted for a non-removable battery and lack of a micro-SD slot for the S6, and they did this after years of touting these features as big advantages over the Iphone. Therefore, I’m sticking to my guns: with the S6, Samsung did “apple-ize” their flagship phone. 2/ Believe it or not, I’m very well aware of the fact that everyone copies everyone. And I’m fine with it, as long as you copy for better and not for worse. Copying Apple to eventually remove features that a lot… Read more »

Bigsmoke79
Bigsmoke79

Samsungs poor decisions begin to start biting them in the ass! take note this is what happens when you give up trying to be different and try to copy Apple! and this is only the tip of the iceberg!

Tomorrow I’m looking forward to seeing and preordering the iPhone 6s plus cause you shafted Europe over the note 5! and I won’t forget it anytime soon.

j2001m
j2001m

You joking right, the sales went down with the s5, it as nothing to do with that, Samsung is adding new hardware and r and d in battery power and other things to move above Apple, I.e. The gear s2 make Apple look crap, the edge phone make Apple look crap, you get the idea, this take time, also they had to make way more edges than they was thinking they was going to need and this made the normal s6 not sale I.e. It was them moving away from coping Apple that cost them I.e. If they just copied… Read more »

kronicle
kronicle

Don’t bother trying to explain that to these Applewellian FUD and Misinformation iZombies. They can’t think past their next meal being some poor undiscerning brainless fool falling victim to Apple’s Tim Crook Anticompetitive business model. Meant to stuff their money into share holder’s pockets, while they feed off their ill gotten gains and brains!!! ……..and what they don’t know, obviously can’t hurt them! haha….. even if they weren’t all brainless Zombies getting ready to play iTrick or iTreat with iZombiephone 6s and 6+s for Special More Retarded Edition!!! btw…. just look at MAGUEULE’s icon. It’s a iZombie in full reanimation!!!

rainerm
rainerm

Get the power users as many of them are asked by multiple “normal” users… If you can’t get them by image/marketing as Apple magically can, you will have to get them by features. I can’t question Samsung’s overall strategy offering 30+ phones at time with random combinations in the mid range market, I just as for ONE SINGLE phone line for power users. I feel SO sad that I can’t buy a current Samsung phone to replace my Note 3. I will not buy a phone without an SD card even it had 512GB on board. Hopefully those who pushed… Read more »