Samsung to Cut 10% of Workforce in Southeast Asia, Australia, and New Zealand

The layoffs aim to improve operational efficiency amid a challenging year for the tech giant.

Samsung Electronics will reduce its workforce by about 10% in Southeast Asia, Australia, and New Zealand.
The job cuts are part of a global reduction plan affecting thousands of employees.
The company is not planning layoffs in its home market of South Korea.
Layoffs are occurring despite Samsung’s significant profit growth in the second quarter of 2024.
Samsung has faced protests and strikes from employees in South Korea and India over labor conditions.