Back in September this year, there were reports that Samsung is planning huge layoffs. While the South Korean company quickly denied those reports, another report followed up claiming that around 1,000 jobs are at stake in China.
Now, a new report from the tech giant’s home country is claiming that the company is planning to lay off managerial-level workers and executives in an effort to cut more costs. “Samsung’s top priority is to save costs. Average workers with mediocre performance are being advised to leave the company with a sizable compensation,” the report cited a Samsung official as saying.
It was also revealed that the said job cuts will happen in countries where the company has manufacturing units, and respective HR teams have been asked to persuade employees in question to join the “voluntary retirement system.”
The report also notes that the layoffs are expected to result in Samsung Electronics firing around 30% of its workforce in finance, human resources and marketing divisions.
- Ama Broni Dies from electric shock while Twerking [email protected]#d on Stage [Watch video]
- Video of men cutting themselves with cutlass without bleeding causes stir on social media
- Sad video of opposition leader Bobi Wine’s wife stripped [email protected]#d and beaten by Ugandan police ahead of election
- Sakawa boys fight hawkers at Kasoa toll booth for killing snake that crawled out of their Benz car [watch video]
- Singer runs for her life as manager asks her to sign contract in a shrine [watch video]