Samsung Electronics sector plans global job cuts of up to 30% in some division, Exlusive Report

Currently Some Sources say that Samsung Electronics sector plans global job cuts of up to 30% in some divisions.

In Short

Samsung Electronics sector plans global job cuts of up to 30% by year-end.
Marketing, Sales and administrative staff will be affected due to this.
Samsung share hit 16 month low due to weak tech demand.

Samsung Electronics sector plans global job cuts

Samsung Electronics, a big tech company giant, is planning to cut global jobs by up to 30% in some divisions. This plan is going to be implemented in many countries, which is going to affect the middle class. Samsung Electronics has announced plans to cut its global workforce by up to 30% in some divisions. This will eliminate many jobs, which are used to doing work in big technical machines. This important step is part of the company’s strategy to improve efficiency and face the challenges of a slowing global economy. The job cuts are expected to affect mainly administrative staff. This reduction of Samsung company is going to be implemented across the country. This reduction will be implemented in various regions including America, Europe, Asia and Africa. Samsung aims to complete the workforce adjustment by the end of the year. The global tech industry is facing a slowdown, and Samsung is responding to the declining demand for its products. The company faces tough competition from rivals such as Apple and Huawei, making it necessary to streamline operations and reduce costs Job cuts will have a significant impact on employees and their families. Many will be facing job insecurity and the challenges of finding a new job in a competitive market.

Due to Samsung Electronics sector plans global job cuts up of 30% many employee will lost thier job.

About for Samsung

Samsung Electronics is a South Korean multinational company that is prominent in the field of consumer electronics, IT equipment, and semiconductors. Samsung company was founded in 1969 and since then it has become a major brand worldwide. Samsung is an electronic device that produces electronics gadgets like monitors, TVs, smartphones, smart watches, etc.

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According to some reports of Samsung company, by the end of 2023, a total of 267800 people were working in this company and more than half of 1 lakh 47000 employees were working abroad. According to some reports, it has been said that most of these jobs were in the development sector and the number of employees was 25100 while 27800 people were working in other areas, which was supporting them. Talking about this job cut of Samsung, the order for its cut was sent about 3 weeks ago. And Samsung’s operations in India were already offering some packages to some middle level employees who left in recent weeks, a direct source said. Samsung Net has recently released information which has had a great impact on the middle class people, this company has made its mark all over the world. Samsung’s name comes around the world in the production of electronic gadgets, which is known for its own identity. Samsung’s customers trust this company blindly, so Samsung is known all over the world today. This company has cut a lot of jobs this year. Whatever electric gadget this company produces, such as mobile, laptop, smart watch etc., its sale usually starts to be very high in the market because Samsung’s customers have full faith in Samsung’s products. Samsung is a very old company which has maintained its dominance all over the world till now. There are other electric companies like Samsung but some people trust it blindly and buy Samsung products.