“Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs,” Se Young Lee and Sohee Kim report for Reuters.
“As is customary for Korean businesses, Samsung is expected to announce its annual personnel changes in early December, a ritual that even in good times means weeks of distracting uncertainty for staff facing promotion, transfer or the sack,” Lee and Kim report. “The last of those options looks more likely after third-quarter operating profit fell by nearly two thirds.”
“Squeezed by Chinese rivals like Xiaomi Technology at the low end and Apple’s iPhones at the top, Samsung’s share of the smartphone market has also shrunk year-on-year for the last three quarters, leading to speculation that mobile business head J.K. Shin could be on the way out,” Lee and Kim report. “The Maeil Business Newspaper, a local business daily, recently reported the company could cut 20 percent of executive positions across the board, including 30 percent from its mobile division.”
Read more in the full article here.
MacDailyNews Take: No sympathy for thieves. Do as you will, Karma.
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Apple replaces beleaguered Samsung as top mobile brand in China – November 5, 2014
Tom’s Hardware reviews Apple iPhone 6 and iPhone 6 Plus: ‘Lustworthy’ – November 13, 2014
ZDNet reviews Apple’s 64-bit iPhone 6 Plus: ‘Superb design and solid build quality’ – October 28, 2014
Forbes’ long-term iPhone 6 Plus review: ‘This beautiful freak is the iPhone’s future’ – October 22, 2014
Digital Photography Review: Apple’s iPhone 6 Plus offers a very good smartphone camera – October 21, 2014
Apple looks to have significantly underestimated the popularity of 5.5-inch iPhone 6 Plus – October 21, 2014
Apple shifts order ratio to hugely popular iPhone 6 Plus, away from iPhone 6 – October 7, 2014
Samsung is running scared of Apple’s hot-selling, 64-bit iPhone 6 Plus – September 29, 2014
Re/code reviews Apple’s 64-bit iPhone 6 Plus: ‘A statement phone,’ not a ‘plastic toy’ – September 17, 2014
The Telegraph reviews Apple’s 64-bit iPhone 6 Plus: ‘It’s peerless’ – September 17, 2014
Computerworld reviews Apple’s 64-bit iPhone 6: ‘Sleek, gorgeous and incredibly well built’ – October 1, 2014
TechCrunch reviews Apple’s 64-bit iPhone 6: ‘The best smartphone available’ – September 17, 2014
USA Today’s Baig reviews Apple’s 64-bit iPhone 6/Plus: ‘Smartphone stars’ – September 17, 2014
Walt Mossberg reviews Apple’s 64-bit iPhone 6: ‘The best smartphone on the market’ – September 16, 2014
The Wall Street Journal reviews Apple’s 64-bit iPhone 6: ‘The best smartphone you can buy’ – September 16, 2014
iPhones at the top, Samsung’s share of the smartphone market has also shrunk year-on-year for the last three quarters
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Ah yes, the almighty marketshare numbers which have pretty much nothing to do with profitability, which is the reason for all the layoffs.
They never learn..
MMMM…M…
That wouldn’t by chance be short for GM, the tue short selling braggng loser troll that sold at 700 would it?
so
soo
sooo
soooo
sooooo
screwed
It is really bad, when they screws themselves.
Attack both ends of the market lose it all.
Boy, what a difference a year makes. A year ago they were saying the Apple vs Samsung battle was the new version of the Mac vs PC battle, and that Apple was losing. Not only is Apple kicking ass in smart phones, Mac is kicking ass in PC sales too.
It’s not wise to underestimate Apple’s ability towards innovation and creating products people want.
Yes in the PC/Android world there is always someone new coming along to eat your market and profits, success is only temporary even for the leaders. Despite lunatics pressuring them to do so Apple has wisely avoid that and continues to shine. Only Apple can destroy Apple for the opposition that is only one of the possibilities.
Samdung R & D won’t suffer loses because it’s an empty room.
Actually it’s just robots that scowl the Internet for Apple rumors and forward emails to the product photocopy department.
Crawl?
Scan?
Search?
What sounds like scrowl but means to search?
Scroll?
😉
prowl
scour
Yes! That’s what I was trying to pull up. Thanks!
That was awesome silverhawk1!
Samsung is excited to announce this year’s holiday bonus: -1 job!
“The Next Big Thing Is Here”
[insert picture of a pink slip]
Scour. I think he meant scour.
scour 2 |skou(ə)r|
verb [ with obj. ]
subject (a place, text, etc.) to a thorough search in order to locate something: David scoured each newspaper for an article on the murder.
Samsung’s success was built upon making cheap copies of Apple products. Now that they have been humiliated into trying to prove they can innovate and make something that’s not a blatant copy, all they have been able to come up with are designs that not so many people want.
Precisely. The SK Tech Emperors never had any clothes, just an explosive cigar that went off in their faces leaving a doe in the headlights stunned expression. No vision beyond the copying of a moment in tech they could exploit for a few years. Now as we move on from that they have no plan to build on, being incapable of producing one. It’s a total pleasure watching them sink into the FAIL quicksand of their own making.
Triple mixed metaphors! You are outdoing yourself. You even throw in more at the end, LOL –
foxconn might be hiring 😄
Do not believe these unacceptable slanderous rumours! Samsung is strong, the stock is cheap and rising to the moon!
The fruit company on the other hand is doomed, its barbarian leaders blissfully unaware as it happens, and turning to penny stock very soon!
Wow, at least they’re doing something original at last. Karma’s a bitch.
Its true then…
Christmas does start earlier every year. 😀
Well it’s obvious all those people getting axed at Samsung couldn’t have been doing anything anyway getting them ahead of the game. They were probably only playing reindeer games as the Samsung Emperor fiddled while their Rome market share & temporary sized advantage burned.
So hard to believe that the killer feature that apparently everyone was waiting for, you know, the one that stops the video you were watching when you look away, or that the clear winner on ‘heady’ innovation – the stylus, has not been enough to keep them on top. /s
The next big thing IS here, it’s just not made by Samsung and never will be.
While I have no sympathy for Samsung, I never want to see people lose their jobs due to their bosses stupidity or LOI, but it certainly sucks more at this time of year.
Hopefully, when the inevitable cuts come, these people will find something new, preferably with a company that doesn’t copy everything they do, from washers, dryers, vacuums and more.