Samsung to cut 10,000 jobs at headquarters

Posted on 10th Sep 2015 | 1064 views

4 avg. rating (80% score) - 1 votes

Samsung Electronics is looking to cut 19% of its head quartered staff as per a statement. This move would imply Samsung is letting go of nearly 10,000 people. The headcount as of June 30, sat at 98,999. The company will target across areas such as human resources, finance and public relations. Beyond this, samsung also looking to cut expenses next year as the pressure mounts.

Samsung to cut 10,000 jobs at headquarters

Samsung's global Smartphone share fell by three percent in the second quarter. In 2014, samsung's sales reported around 206 trillion won ($171 billion, 111 billion) but are expected to fall to around 200 trillion won ($166 billion, 108 billion) this year due to the release of Apple iPhone and updated tablets which continue to be strong performers globally.

0 Comments on Samsung to cut 10,000 jobs at headquarters

Comment as a guest:


What is Appointment letter Format?

26th Jun 2018

Top 10 facts why you need a cover letter?

08th Jun 2018

Are you looking for a job in Event Management?

28th May 2018

Pharmaceutical job opportunities on rise in Gulf

23rd May 2018

MNC Vs Startup: Are you Confused to Choose between?

09th Aug 2017

Perspectives of Unemployment in India

01st Jul 2013

Have your Say!

View All

How consistently does your organization reward you for good work?

Very difficult

Reasonably consistently

Not at all consistently


Press Corner

View All

All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd Protection Status