Samsung Plans to Cut 30% of Employees in International Divisions
JAKARTA – Samsung Electronics is preparing for a major move that will significantly impact its organizational structure. According to Reuters on Thursday (12/9/2024), the company is reported to be reducing up to 30% of its workforce in several international divisions.
This step is being taken to improve operational efficiency amid increasingly tough business competition. Two sources close to the company revealed that Samsung has instructed its subsidiaries worldwide to streamline sales and marketing staff by up to 15%, while administrative staff could see reductions of up to 30%.
This policy is expected to be implemented by the end of the year and will have a significant impact across regions such as the Americas, Europe, Asia, and Africa.
Although complete details on which countries will be most affected have not been disclosed, the workforce reduction plan is already underway.
Samsung, which employed 267,800 people at the end of 2023, with over 147,000 of them working overseas, is already feeling the effects of this policy in several countries.
In India, for example, Samsung has offered severance packages to a number of mid-level employees, with an estimated 1,000 people likely to be affected.
In China, the reduction is also reported to impact around 30% of Samsung’s sales staff, with the company already notifying employees of the upcoming workforce cuts.
