Samsung India Layoffs: Samsung Electronics To Lay Off Around 9슬롯사이트�10% of Its Total Workforce Ahead of Festive Season Amid Poor Demand
Samsung Electronics is on the verge of letting go nearly 9-10% of its total workforce amid poor consumer demand and slow business growth. Samsung layoffs will take place across all the department including smartphone, consumer electronics, home appliances and more ahead of festive season.
Mumbai, September 11:슬롯 머신 사이트 추천Samsung슬롯 머신 사이트 추천Electronics is planning to cut the workforce as business slows슬롯 머신 사이트 추천down in슬롯 머신 사이트 추천India. The layoffs in India are expected to impact nearly 200 executives across various departments. The South Korean giant슬롯 머신 사이트 추천has슬롯 머신 사이트 추천reportedly been struggling with its operations in India and achieving the expected business.
Hindustan Times슬롯 머신 사이트 추천슬롯 머신 사이트 추천that Samsung will lay off슬롯 머신 사이트 추천around 9-10%슬롯 머신 사이트 추천of its managerial workforce.슬롯 머신 사이트 추천The report mentioned that Samsung Electronics has been struggling to attract customers and facing슬롯 머신 사이트 추천slow growth due to lower demand.슬롯 머신 사이트 추천The Samsung슬롯 머신 사이트 추천India layoffs will affect슬롯 머신 사이트 추천businesses like smartphones, consumer electronics, support functions, home appliances, etc.슬롯 머신 사이트 추천Flipkart To Create Over 1 Lakh Jobs by Opening 11 New Fulfilment Centres Ahead of Festive Season, To Prepare for 슬롯사이트˜Flipkart Big Billion Days 2024슬롯사이트�.
The report said the employees affected by the슬롯 머신 사이트 추천job cuts슬롯 머신 사이트 추천will get three months of salary as per Samsung's employee contract and one month of severance package for every year of service. Amid the struggles, one of the rival company's chief executive officers said that he received "frantic calls" and resumes from슬롯 머신 사이트 추천senior executives from Samsung India.
The CEO of a rival company reportedly said that the슬롯 머신 사이트 추천senior슬롯 머신 사이트 추천executives were even ready to슬롯 머신 사이트 추천join at a substantially lower salary than what Samsung was paying them.슬롯 머신 사이트 추천Recently, Samsung's Chennai factory workers슬롯 머신 사이트 추천started an "indefinite strike" for the third day. This action caused the company to suffer슬롯 머신 사이트 추천in the production of TVs, washing machines, and refrigerators ahead of the festive season.슬롯 머신 사이트 추천Bending Spoons Layoffs: Italy-Based App Developer Company To Lay Off 75% of WeTransfer Employees Post Deal; Check Details.
The report mentioned that Samsung still tried to manage production with a lower employee count, around 50-80% of its capacity. This marks another round of layoffs happening this year across the tech industry worldwide and in슬롯 머신 사이트 추천India. The decision has already impacted슬롯 머신 사이트 추천more than 200 senior employees and all operations in India. This year, Intel, Meta,슬롯 머신 사이트 추천Paytm, Dell, Microsoft, Google, Tesla, Elon Musk's X and several other companies working in tech industry cut jobs amid슬롯 머신 사이트 추천restructuring, slow demand and economic slowdown.
(The above story first appeared on LatestLY on Sep 11, 2024 11:37 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).