Sebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.
The 1TB Z Fold 6 is up for grabs with huge discounts, as well as the Flip 6, S24 Ultra, Tab S9, and more.Samsung, one of the best-known electronics brands, is planning to reduce its overseas workforce by up to 30% in certain divisions, a new exclusivereport reads. Allegedly, the South Korean company has directed its global subsidiaries to cut sales and marketing staff by around 15% and administrative staff by as much as 30%, sources familiar with the matter revealed.
The sources requested anonymity, citing the confidentiality of the plans. In a statement, Samsung described the workforce adjustments at overseas operations as routine, aimed at improving efficiency. The company noted that no specific targets are in place, and the reductions do not affect production staff.
Samsung’s"global mandate" for job cuts was issued about three weeks ago, with its India unit already offering severance packages to some mid-level employees, one source said. Up to 1,000 employees may be impacted in India, where Samsung employs around 25,000 people. Meanwhile, in China, the company has informed staff that about 30% of its sales operation employees will be laid off, according to a South Korean newspaper report.
In the premium smartphone market, Samsung is battling fierce competition from Apple and Huawei, while it continues to trail TSMC in contract chip manufacturing. Additionally,One source indicated the job cuts are a preemptive measure to brace for a potential slowdown in global demand for tech products amid a weakening global economy. Another source suggested Samsung is aiming to strengthen its bottom line by cutting costs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alfonso Soriano becomes the 3rd player with 4 seasons of 30 HRS and 30 SBsThis Date in Baseball, August 18 - Alfonso Soriano becomes the 3rd player with 4 seasons of 30 HRS and 30 SBs
Read more »
Top 30 NFL players over 30 years old: Who are the best aging stars in football?Travis Kelce, Tyreek Hill and Chris Jones lead the field of the best NFL players who are 30 or older for the 2024 season.
Read more »
José Ramírez Records 2nd Career 30-30 Season to Join Exclusive List in MLB HistoryCleveland Guardians third baseman José Ramírez stole his 30th base of the season against the New York Yankees on Thursday, joining the the 30-30 club for the second time in his career.
Read more »
José Ramírez becomes first two-time Guardians member of 30/30 clubJosé Ramírez collects his 30th steal, giving him two 30/30 seasons for Cleveland.
Read more »
Jose Ramirez Becomes First Player In Cleveland Guardians History To Accomplish This FCleveland Guardians superstar Jose Ramirez put together his second 30/30 season in his career.
Read more »
Samsung’s meal planning app Samsung Food gets some AI-powered upgradesSamsung Food Plus is a monthly subscription that allows you to add items to a Food List just by snapping a picture. It can then suggest recipes for your meal plan based on the food you have.
Read more »