Samsung to Lay Off Employees Amid Falling Sales and Rising Competition in India
- Samsung is cutting jobs in its Indian unit due to disappointing sales and increased competition. - Layoffs may affect employees in sales, marketing, and operations, with job losses potentially reaching 20 percent of the workforce. - A restructuring is ongoing, impacting smartphone, consumer electronics, and home appliances divisions, leading to key executive exits. - Samsung has halted fresh hiring and may reduce off-roll employee count, while workers in its Chennai factory are on strike. - Aggressive competition from Xiaomi and Vivo, conflicts with offline retailers, and executive departures have compounded Samsung's struggles. Source: [Moneycontrol](https://www.moneycontrol.com/technology/samsung-to-layoff-employees-amid-falling-sales-rising-competition-in-india-article-12819041.html)
Discover More
Curated from across
