Samsung layoffs looming

[Artdeco]

Industry watchers said Samsung Electronics is expected to fire up to 30 percent of its workers as it cuts back on the role of those who work in finance, human resources and marketing.

https://www.koreatimes.co.kr/www/news/tech/2015/10/133_189832.html

Im unsure how legit the source is...

 

[dawheat]

I'm guessing this is a translation thing that is intended to say more like 30% of finance, HR and marketing. 30% of SE total would be massive layoffs and a sign of a company about to go into bankruptcy.

<edit> 30% of Samsung Electronics would be over 80,000 employees. This is more likely a pruning of non-critical groups and middle management, with especially heavy hits finance, HR, and marketing. And a "good" time to do it from a position of perceived strength after their decent quarterly results and profit growth.

 

[StrangerGuy]

Korea out-Japaned Japan and now China is out-Koreaning Korea.

Sure, Samsung have OLEDs and 3D-NAND blah blah that others don't. However, they can have all the standalone technical merits over the competition but if the end consumer doesn't value them enough over cheaper alternatives it's still a commoditized business.

 

[Red Squirrel]

More jobs being lost.... Seems that's all we hear about these days. We need MORE jobs not less.

 

[you2]

Samsung is doing some pretty stupid things these days. For example I really wanted a new 8 inch high end tablet. So they come up with the s2 tab; ignoring the form factor change (to copy apple); the thing has no battery life. While I hate apple eco system they do get the basics right (such as batter life on their tablets). So now I have to either find an old galaxy tab s or go with dell venue. These aren't bad alternatives but I'm still trying to figure how how samsung decides what makes a decent product. Maybe I'm the only one who cares about battery life ?