The world’s top maker of smartphones, TVs and memory chips, Samsung Electronics, plans to reduce overseas staff at some divisions by up to 30%, sources with knowledge of the matter told Reuters. The company has told units worldwide to “reduce sales and marketing staff by about 15% and the administrative staff by up to 30%,” the Reuters’ story added. The reductions will be done by 2024-end and will “impact jobs across the Americas, Europe, Asia and Africa,” the story added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSNLF:
- Game On: Ubisoft cuts financial targets after ‘Assassin’s Creed Shadows’ delay
- Epic Games Accuses Google (NASDAQ:GOOGL) and Samsung of Unfair Practices
- Epic Games accuses Google, Samsung of blocking app rivals, Reuters reports
- Deere dips after Trump tariff threat, DOJ to sue Visa: Morning Buzz
- ABM expands charger portfolio with Samsung C&T Charging Solutions partnership