Thursday, January 21

Samsung to layoff 30% of workers to “cut costs”

This year alone, we saw a lot of devices from Samsung. We didn’t just see any types of devices, but awesome flagships. All the phones that Samsung released for both its high-end users and entry level subscribers did not fail to impress. From the Samsung Galaxy S6, to the Galaxy S6 Edge, Galaxy D6 Edge Plus, Galaxy Note 5, Galaxy On5, Galaxy On7, Galaxy View to mention but a few, the last thing Samsung should be worrying about should be income. Unfortunately, this does not seem to be so.

In a bid to cut costs, Samsung has gone the way of the pink slips as the multinational brand is looking to cut off 30% of its total workforce. Giving an official statement, one official said “Samsung’s top priority is to save costs. Average workers with mediocre performance are being
advised to leave the company with a sizable compensation”

This wouldn’t be the first time this would happen this year. Fresh in memory has to be the occurrence of last month when Samsung laid off some 10,000 workers, all to minimize their cost of production and maximize the efficiency of those left on board. This initial let off was from the company’s main headquarters in its home country of South Korea.

Source : Korea Times

Leave a Reply

Your email address will not be published. Required fields are marked *