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.