- Samsung (OTC:SSNLF) reportedly intends to slash 10% of staff at its headquarters, where 99,000 employees work.
- The company plans to target staff in the human resources, public relations and finance departments.
- "Cutting jobs is the easiest way to control costs and Samsung’s spending on its mobile business could also be more tightly controlled," says Nomura analyst Chung Chang Won. "Samsung's preparing to tighten its belt as it isn't likely see rapid profit growth in the years to come."
- The report comes after Samsung's new flagship Galaxy smartphones fail to make a significant impression.
Report: Samsung plans to axe almost 10,000 HQ jobs
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Symbol | Last Price | % Chg |
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Samsung Electronics Co., Ltd. |