Samsung Electronics plans global job cuts of up to 30% in some divisions: Sources

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SEOUL: Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30 per cent of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters.

Samsung employed a total of 267,800 people as of the end of 2023, and more than half, or 147,000 employees, are based overseas, according to its latest sustainability report.

One of the sources said Samsung would find it difficult to lay off workers in South Korea because it was a politically sensitive issue.

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Category: EconomyBusiness

Markets: SingaporeChinaIndiaSouth KoreaTaiwan

Topics: South Cuts Employees Electronics Staff Cent Korea Sources Global Samsung People

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 10:24:41 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 747 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22464937

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