Samsung to cut down up to 30% workforce globally in some divisions

Business

Earlier today, we learned that Samsung India is going to lay off more than 10% of its managerial workforce amid a workers’ strike as consumer demand is going down. Unfortunately, there’s some bad news for Samsung employees in other regions as well.

According to a new report from Reuters, Samsung Electronics has directed its subsidiaries in America, Europe, Asia, and Africa to lay off up to 15% people from the marketing staff and up to 30% people from the administrative staff by the end of this year. The company isn't planning to reduce its workforce in its home country, South Korea, as it is a “politically sensitive issue.“

Reportedly, the “global mandate” for job cuts was sent out three weeks ago. In a statement, the tech giant said that these changes are routine and aimed at improving efficiency. The company further added that it isn’t reducing the production staff.

The story continues after the video…

According to various reports, Samsung is going through a bad patch as the consumer demand is going down globally, the company’s smartphone business is facing tough competition from Apple and Huawei, and the brand’s chip business is still recovering from a severe downturn after its profits touched a 15-year low last year while facing tough competition from TSMC and SK Hynix. The reduction in workforce could be a result of all those factors.

Buy Samsung Galaxy S24 Ultra

Abid Iqbal Shaik - Writer

First Samsung device: Galaxy S II

I’m a computer science engineer living in Hyderabad, India, who has a keen interest in automobiles and consumer electronics. My journalism career kicked off in 2017 with MySmartPrice where I wrote news, features, buying guides, and explanatory articles about technology among other things, and reviewed many products, including smartphones, tablets, laptops, PC components, smartwatches, audio devices, wearables, and smart home products. Since then, I have worked for 91Mobiles, Apple, and Onsitego, before finally landing on SamMobile.

Business Samsung Electronics

Samsung to cut down up to 30% workforce globally in some divisions

Abid Iqbal Shaik - Writer

First Samsung device: Galaxy S II

You might also like

Samsung's profits may be down by a staggering 39% this quarter

Samsung's huge 4th of July sale, here are the best deals

Samsung UK now lets you trade devices for store credit

Samsung gets awarded for top-notch home appliance service