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Samsung’s Overseas Workforce: A Wave of Layoffs Hits the Global Tech Giant
In recent news, Samsung has made a difficult decision to downsize its overseas workforce. While the headquarters in South Korea remains untouched, thousands of employees around the world are being affected. Let’s take a closer look at what’s happening and why these layoffs are making headlines globally.
A Massive Impact on Jobs
It was recently announced that Samsung will be laying off a significant portion of its workforce — about 150,000 employees. That’s over half of their total staff, and it’s hitting regions like Australia, New Zealand, and Southeast Asia particularly hard. What makes this even more shocking is that it isn’t just a small percentage; each of these markets is seeing a 10% cut in their workforce.
For a company like Samsung, known for its global reach and market influence, this scale of layoffs sends a clear message: tough times are here, and cost-cutting measures are in full swing.
