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.
