[NEWS] Samsung may lay off 10% of workforce in Southeast Asia and Australia

[phillynews215]

Samsung has had a few macro-level struggles lately, from poor Foundry performance that could lead to a company spin-off to workers in India going on strike for higher wages. While all this is developing, Samsung is reportedly laying off more workers in Southeast Asia and Australia.

According to a Bloomberg article (via Business Korea), Samsung Electronics is planning on cutting “thousands of jobs amid struggles in [the] AI market.” More specifically, Samsung reportedly intends to reduce its workforce in Southeast Asia and Australia by around 10%.

In the name of operational efficiency

The news emerged through employees at Samsung Electronics' Singapore office. In a private meeting with managers and the HR department, Samsung employees were informed of the company's layoff plans overseas.

Samsung responded to these recent reports, confirming its intentions to reduce the workforce but stating “We have not set specific targets for particular positions.”*So, whether the company aims for a 10% workforce reduction in Southeast Asia and Australia isn't entirely clear.

Either way, Samsung did confirm it is “conducting routine workforce adjustments in some overseas subsidiaries to improve operational efficiency.”

Earlier this year, Samsung revealed it had 267,860 employees, of which 147,104 were working overseas and 120,756 in South Korea.



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