The Strategist

Samsung to cut up to 30% of its overseas employees



09/12/2024 - 03:11



Reuters reports that Samsung plans to lay off up to 30% of workers in several of its overseas units, citing three sources.



Shuichiro via flickr
Shuichiro via flickr
The sources claim that by year's end, the South Korean electronics company plans to let go of up to 30% of its overseas-based administrative workers and roughly 15% of its marketing and sales workforce. Employees across Europe, Asia, Africa, and South and North America will be impacted by the reductions. Six more sources have verified the impending cuts to the agency.

The countries and divisions that would be most impacted by the cuts, as well as the number of employees the corporation will be letting go, are not made clear. Up to 1,000 of the 25,000 workers there, according to one of them, might lose their jobs at the Indian division.

The personnel changes in Samsung's abroad businesses were described by the company as "routine" and "aimed at improving efficiency." Additionally, the corporation indicated that production staff will not be impacted.

source: reuters.com

 




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