Yesterday, it was alleged that Samsung was about to cut 10% of its workforce at its Korean headquarters, however Samsung denies that it is about to layoff workers at all. In a report by Yonhap News, a Samsung executive is quoted as saying “it will only be relocations of workers”, whatever that means – Samsung went through something similar last year with management support teams ending up in the consumer electronics divisions of Samsung.
In case you needed a reminder of just how tough things are at the Korean manufacturer, its second quarter of 2015 saw a drop of 37.5% to 2.76 trillion won for its mobile business alone. This in turn made Samsung freeze salaries this year, meaning that nobody will be getting payrises. It’s good news that Samsung isn’t going to cut jobs – its workforce in Korea is just under 100,000 – however the company will likely need to tighten its belt and come up with some killer devices if it hopes to regain its former glory.
What do you think about Samsung’s situation at the moment? Let us know your thoughts in the comments below.
Source: Yonhap News
