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flag 200+ Samsung India executives laid off due to slow growth, poor demand, and factory strike.

flag Samsung is laying off over 200 executives in India, impacting 9-10% of its managerial workforce due to slowing growth and poor consumer demand. flag The cuts affect various sectors, including mobile phones and home appliances. flag Employees will receive three months’ salary and a severance package. flag The company is also considering restructuring operations and has frozen hiring amidst a strike at its Chennai factory, which has reduced production capacity.

7 months ago
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