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Samsung Electronics Plans Global Job Cuts of Up To 30% in Some Divisions

Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, Reuters reported Wednesday, citing sources with direct knowledge of the matter. From the report: South Korea-based Samsung has instructed subsidiaries worldw...

Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, Reuters reported Wednesday, citing sources with direct knowledge of the matter. In a statement, Samsung said workforce adjustments conducted at some overseas operations were routine, and aimed at improving efficiency. 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.

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