Beleaguered Samsung axed 5,000 employees over last year – with more cuts on the way

“According to statistics from the Financial Supervisory Service (FSS) in Korea, Samsung Group employees decreased by 5,000 over the last year,” Ruimeng Zhuang and Alex Wolfgram report for DigiTimes, “with half of cuts coming from Samsung Display and Samsung Electronics.”

Zhuang and Wolfgram report, “Samsung Electronics now has a total of 98,577 employees and Samsung Display 25,599, the report said, adding that cuts were also due to slowdowns in Samsung’s handset business.”

Full article here.

“Earlier this week The Korea Times reported that Samsung is set to cut up to 30% of its executives next month,” Jack Purcher reports for Patently Apple.

“The company official told the Korea Times by telephone that ‘one thing for sure is that more Samsung executives will leave the company,'” Purcher reports. “The report further noted that, ‘Tensions are running high inside Samsung as the country’s most-influential industrial titan is experiencing changes in business structures.”

Full article here.

MacDailyNews Take: Wonder how well the answer “I helped to routinely trample patented IP in order to knock off iPhone after iPhone until the general public finally woke up and stopped buying them” goes over on job interviews?

It’s best not to mess with karma. – Steve Jobs

Thermonuclear
Thermonuclear.

SEE ALSO:
Apple to close in on Samsung in worldwide smartphone market share in 2016 – researcher – November 20, 2015
Apple’s iPhone: The most absurd dominance ever and it’s getting even more absurd – November 19, 2015
Apple’s iPhone can soon reap 100 percent of world’s smartphone profits – November 17, 2015
Apple’s iPhone owns 94% of smartphone industry’s profits – November 16, 2015
Ben Bajarin: ‘Samsung will be out of the smartphone business within five years’ – November 2, 2015
Huge crowds line up in Samsung’s backyard to get iPhone 6s/Plus in South Korea – October 23, 2015
Struggling Samsung to see first-ever year-over-year drop in smartphone shipments in 2015 – October 15, 2015
Study: iPhone users are smarter and richer than those who settle for Android phones – January 22, 2015

[Thanks to MacDailyNews Readers “Sarah” and “Bill” for the heads up.]

7 Comments

  1. “Earlier this week The Korea Times reported that Samsung is set to cut up to 30% of its executives next month,” *And those not cut will be hanged. (*from the ScamScum employee handbook, chapter on employee morale, and motivation.) 🖖😀⌚️

Add Your Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.