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Samsung Cuts Over 800 US Consumer Electronics Jobs In What Is An “Enterprise-Wide Reduction-In-Force”

Visitors gather around a Samsung booth with large, leaf-shaped digital displays showcasing vibrant images at a tech convention.

Samsung presents a stark dichotomy these days: while its memory unit is literally minting gold, its consumer-facing units are languishing deep in purgatory. The same memory-related tailwind that is now allowing Samsung DS to earn more profit this year than what it earned cumulatively over the past 40 years, continues to act as a potent headwind for other units. Against this backdrop, Samsung has just culled nearly 800 roles within its consumer electronics-related operations in the US, while trying to leverage the excuse of its HQ relocation. Samsung has reportedly eliminated over 800 roles from its US operations Samsung Electronics […]

Read full article at https://wccftech.com/samsung-cuts-over-800-us-consumer-electronics-jobs-in-what-is-an-enterprise-wide-reduction-in-force/