koreaherald
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October 3
- Samsung Tightens Its Belt Amid Crisis Winds➀ Samsung Electronics is implementing austerity measures, reducing headcounts, and downsizing celebratory events; ➁ Bloomberg reports a potential 10% layoff of its overseas staff; ➂ Samsung has already laid off 10% in India and parts of Latin America; ➃ Samsung's workforce adjustments are viewed as routine by the company; ➄ Declining performance in core products such as memory chips and home appliances; ➅ Samsung's chip division recorded a significant operating profit loss in 2023; ➆ Global smartphone market competition impacting sales of Galaxy Z Fold 6 and Galaxy Z Flip 6; ➇ Samsung's home appliance sales are also decreasing; ➈ Samsung shares hit a new low in the past 52 weeks; ➈ Market analysts are lowering earnings prospects for Samsung.