Samsung India cuts 80-100 jobs as chip prices more than double and smartphone volumes fall 11-12%; another round may come after Diwali, up to 25% of electronics sales and marketing staff at risk
Those affected include director-level officials and team leads at the company’s headquarters. (Image for representative purpose only) Samsung India Electronics has started laying off its workforce in phases as its core smartphone business faces pressure on sales and margins following a more than twofold increase in memory chip prices. Around 80-100 executives in the television...
