Beleaguered Samsung cuts staff and reduces R&D spending

“According to electronic disclosure data provided on Jan. 28 by the Financial Supervisory Service, Samsung Electronics staff numbers stood at 98,557 as of 3Q15 in the wake of restructuring efforts last year. The number, down by 1,000 positions from the year before, is now expected to drop further,” Lee Jeong-hun reports for The Hankyoreh. “‘What can we do? The company is in trouble,’ said a senior Samsung executive recently.”

“Research and development spending dipped from 14.39 billion won (US$11.9 million) to 13.71 billion won (US$11.4 million),” Lee reports. “‘Since Lee Jae-yong took over, [Samsung Electronics’] interest has solely been in buying up companies that it can take advantage of,’ said a Seoul National University professor who asked not to be identified. ‘Because of failures within Samsung itself, they’ve neglected to build their own basic competitiveness through experience,’ the professor added.”

Read more in the full article here.

MacDailyNews Take: Presumably, the Seoul National University professor asked not to be identified because he/she preferred his/her legs not be broken by the thieving chaebol.

So, Samsung has an R&D budget? What for?

What a joyless, horrid existence to have to slave away at place where you wait around to see what Apple does and then kill yourself trying to knock it off as quickly as possible like a soulless automaton. Such an unrewarding, embarrassing, and miserable existence it must be to work at beleaguered Samsung.

Regardless, leave it to the slavish copier to fail to copy Apple during their existential crisis.

We’ve had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren’t going to lay off people, that we’d taken a tremendous amount of effort to get them into Apple in the first place — the last thing we were going to do is lay them off. And we were going to keep funding. In fact we were going to up our R&D budget so that we would be ahead of our competitors when the downturn was over. And that’s exactly what we did. And it worked. And that’s exactly what we’ll do this time. — Steve Jobs, August 2008

Innovation has always been the reason behind our success and we remain committed to making the best products in the world and expanding the Apple experience to change our customer’s lives in better and more meaningful ways. We’ve invested through economic uncertainty in the past and we’ve always come out stronger on the other side. In fact, some of the most important breakthrough products in Apple’s history were born as a result of investing through the downturn. We’ve also seen these times as opportunities to invest in new markets, just as we’re doing now in areas such as India and other emerging markets… We continue to invest confidently in our future… [On R&D] we’re continuing to invest without pause. We have some great things in the pipeline and we very much believe strongly in investing through downturns. – Apple CEO Tim Cook, January 26, 2016

Hey, Samsung, ignore those two quotes and stay warm and toasty now, ya hear?

Thermonuclear
Thermonuclear.

SEE ALSO:
Beleaguered Samsung to attempt to knock off Apple iPhone’s Live Photos – January 14, 2016
Beleaguered Samsung to attempt to knock off Apple iPhone’s 3D Touch – December 14, 2015
Slavish Apple copier Samsung announces rose gold Galaxy Note 5 – October 15, 2015
Samsung can’t seem to stop mimicking Apple – May 4, 2015
Slavish copier Samsung in talks to launch Apple Pay knockoff – December 16, 2014
Samsung returns to mimicking Apple’s iPhone with chamfered metal-edged Galaxy Alpha – August 13, 2014
Samsung’s plastic, 32-bit Galaxy S5 has serious fingerprint sensor problems – May 6, 2014
Samsung’s new ad for Galaxy Gear stupidwatch slavishly copies Apple’s original 2007 iPhone ad (with video) – October 7, 2013
Samsung announces plastic Galaxy S4 ‘Gold Edition’ phone – September 25, 2013
Samsung slavishly copies Apple’s iPad mini with Galaxy Tab 3 (with photo) – July 23, 2013
9 ways Samsung has slavishly copied Apple over the years – July 14, 2013
Now Samsung copies Apple product rumors, said to be working on wristwatch device – March 19, 2013
Samsung’s new ‘Wallet’ bears striking resemblance to Apple’s Passbook – February 27, 2013
Korea JoongAng Daily: Samsung must stop slavishly copying Apple – September 3, 2012
South Korea reassesses its great imitator, Samsung – September 2, 2012
Is Samsung copying Apple’s patented earphones? It sure looks like it – September 8, 2012
Samsung mimics Apple product videos in Galaxy S III promo (with video) – August 24, 2012
Now slavish copycat Samsung attempts to knockoff Apple’s retail stores (with video) – August 23, 2012
Samsung: Shameless slavish copiers – August 13, 2012
Now Samsung slavishly copies Apple’s Mac mini – June 1, 2012
Samsung Mobile chief ‘designer’ denies that Samsung’s instinct is to slavishly copy Apple – March 23, 2012
Slavish copier Samsung shamelessly steals Apple’s iPhone 3G design – again – January 3, 2012
Slavish copier Samsung uses girl actress from iPhone 4S ad for Galaxy Tab 8.9 spot (with video) – January 2, 2012
Now Samsung’s slavishly copying Apple’s iPad television ads (with videos) – December 30, 2011
Judge: Can you tell me which is iPad and which is yours? Samsung lawyer: ‘Not at this distance your honor’ – October 14, 2011
Why are Apple’s icons on the wall of Samsung’s store? – September 24, 2011
Apple to Samsung: ‘Blatant copying is wrong’ – April 18, 2011
Apple sues Samsung for attempting to copy look and feel of iPhone, iPad – April 18, 2011
Samsung’s ‘Instinct’ is obviously to make Apple iPhone knockoffs – April 1, 2008

[Thanks to MacDailyNews Reader “M J Miller” for the heads up.]

13 Comments

  1. Their idea of R&D is reverse engineering.

    I’m wondering how much money they will cut from the marketing budget? I’m guessing not much because they have to continue to pay those celebrities for fake comments they post from their iPhones. blahahahaha

  2. *Rubbing Hands Together With Glee*

    From the source article, here are some great signs of further SS decay on the horizon:

    1) Reactive Management (vs Proactive): The “situation management” style of leadership has drawn criticisms from some observers. 💀

    2) Gutted of creativity: “Today, you don’t see anyone looking for or talking about the way forward. It’s just managers left,” the analyst said. 💀

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