Samsung India begins job cuts; trims workforce at senior level
India, Sept. 9 -- Samsung India Electronics, a leading player in the mobile phone and consumer appliances space, has laid off 8-10 mid-to-senior-level employees and plans to let go of another 40-50 staff in the coming weeks as part of a cost-rationalisation exercise amid rising input costs and muted consumer demand. The layoffs are taking place in the Consumer Electronics (CE) division of Samsung India, which houses its televisions, digital appliances, and home electronics businesses, said Industry sources.
In the first phase, the company has laid off around 8-10 employees from the CE division, ranging from general manager, team lead and branch/area manager to even director level. In the second round, Samsung Electronics India may lay of...
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