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Samsung to Cut Up to 30% of Global Staff in Some Departments
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Samsung to Cut Up to 30% of Global Staff in Some Departments
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13th September 2024, 07:34
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 152,472
 |  Samsung to Cut Up to 30% of Global Staff in Some Departments Samsung is implementing a major workforce realignment to improve operations and increase efficiency. According to a report from Reuters, Samsung has instructed its global subsidiaries to reduce marketing and sales staff by 15% and management personnel by 30% by the end of this year. Of its 267,800 employees worldwide, 147,000 are based overseas, and Samsung's global layoff plan is expected to impact all regions, including Europe, Asia, the Americas, and Africa. The exact motivation behind the layoffs is unclear; one source cites the slowdown in global demand for tech products as a factor, while another suggests Samsung is aiming to increase profits by cutting costs. https://www.techpowerup.com/326557/s...wing-the-trend |
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