The last few quarters have been tough for Samsung and given the position the company is in, Samsung may look to axe a considerable amount of workforce. According to a Korean newspaper, Samsung is looking to lay off 10 percent of its employees at its headquarters in South Korea.
As of June 30, 98,999 employees worked at Samsung’s HQ, which means, we’re looking at almost 10,000 employees who will get the pink slip.
As unfortunate as it may sound, an analyst at Nomura reckons cutting jobs is the “easiest way” to control costs.
Although new devices from Samsung have been getting good response from reviewers, the company is finding it difficult to convert it to a decent profit.
In retrospect, to maintain its profitability, Samsung has now started concentrating more on the components side with aggressive customer acquisition and technology expansion.