Samsung to Cut Up to 30% of Global Staff in Some Departments, with Dell and Qualcomm Following the Trend

[Nomad76]

Samsung is implementing a major workforce realignment to improve operations and increase efficiency. According to a report from Reuters, Samsung has instructed its global subsidiaries to reduce marketing and sales staff by 15% and management personnel by 30% by the end of this year. Of its 267,800 employees worldwide, 147,000 are based overseas, and Samsung's global layoff plan is expected to impact all regions, including Europe, Asia, the Americas, and Africa. The exact motivation behind the layoffs is unclear; one source cites the slowdown in global demand for tech products as a factor, while another suggests Samsung is aiming to increase profits by cutting costs.

Dell is also implementing significant measures, with plans to lay off at least 12,500 employees, approximately 10% of its total workforce. Dell is striving to become "leaner" by overhauling its sales divisions and adopting paperless operations with the help of AI. Job cuts are expected to continue overseas, with U.S. staff members expecting their turn soon. Dell has declined to confirm any numbers regarding the layoffs, particularly those concerning their employees.





Rumors from Qualcomm employees have been circulating on various online forums, suggesting that the company will reduce its workforce by 5% by the end of this year in some areas. However, more significant layoffs are expected to be announced in the first quarter of 2025. Adding to this, Intel has announced plans to cut 15,000 jobs, while CISCO revealed 6,000 layoffs in August. For many in the tech industry, 2024 has been a year to forget.

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[bug]

Title:

Samsung to Cut Up to 30% of Global Staff

Article:

reduce marketing and sales staff by 15% and management personnel by 30%

Worst quality reporting.

 

[Neo_Morpheus]

All these layoffs plus a lot of countries being affected by mass migrations of people looking for a better place will create one hell of a mess.

At least in the US, they should consider extent the unemployment benefits, like they did during the 2008 crisis, for the ones that qualify.

 

[Gigaherz]

Man I hate this decade.

 

[Nomad76]

The title was updated for clarification, thank you @bug

 

[persondb]

Title:

Article:


Worst quality reporting.

To be fair, you also removed part of the title

Samsung to Cut Up to 30% of Global Staff in Some Departments, (...)

 

[Mr. Perfect]

It's a little surprising they're only cutting sales, marketing and management. Usually management is safe in these cuts and they go after rank and file employees, like engineers.

 

[THANATOS]

It's a little surprising they're only cutting sales, marketing and management. Usually management is safe in these cuts and they go after rank and file employees, like engineers.

Maybe they were laid off before, so now they moved to a different department.

 

[Chaitanya]

There are a lot of strikes happening in Samsung right now, saw news of strikes taking place in Samsung plant(consumer appliances) in Chennai.