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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.
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