Samsung Electronics plans to lay off 10% of global workforce, targeting SE Asia, Australia, NZ amid 20% shares decline and industry challenges.
Samsung Electronics plans to lay off thousands of employees globally, affecting around 10% of its workforce in Southeast Asia, Australia, and New Zealand. With approximately 147,000 staff overseas, the company aims to improve efficiency by reducing management roles while preserving manufacturing jobs. This strategy follows a 20% decline in shares this year amid challenges in key markets and increasing competition in the semiconductor industry.
October 01, 2024
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