South Korean electronics giant Samsung Electronics is set to reduce up to 30% of its overseas workforce in certain divisions, Reuters reported, citing informed sources.
According to the agency, Samsung has instructed its global subsidiaries to trim their workforce. The cuts are expected to affect sales and marketing departments by 15% and administrative staff by up to 30%. This reduction is scheduled to be completed by the end of 2023, impacting jobs in the U.S., Europe, Asia, and Africa.
“It is unclear how many people will be laid off or which countries and business units will be most affected,” Reuters noted. Samsung commented that workforce adjustments at some international units are part of routine efforts to improve efficiency.
One source told Reuters that the job cuts are also part of preparations for a potential global downturn in demand for tech products as the global economy slows down.
