News: Samsung may lay off 5 per cent of its staff in India to reduce costs

Recruitment

Samsung may lay off 5 per cent of its staff in India to reduce costs

Samsung Electronics is likely to lay off almost 5 per cent of its staff in India across managerial-level executives and factory and blue-collar workers as the Korean chaebol takes steps to become leaner and reduce costs amid slowing sales, five senior industry officials said.

Kolkata/New Delhi: Samsung Electronics is likely to lay off almost 5 per cent of its staff in India across managerial-level executives and factory and blue-collar workers as the Korean chaebol takes steps to become leaner and reduce costs amid slowing sales, five senior industry officials said.

Read this story on The Economic TimesĀ here

Read full story

Topics: Recruitment, #Layoffs, #Jobs, #Corporate

Did you find this story helpful?

Author

QUICK POLL

How do you envision AI transforming your work?

Your opinion matters: Tell us how we're doing this quarter!

01
10
Selected Score :