The Korean giant, Samsung, is one of the technology companies with the greatest presence in the world, but this doesn’t mean it is not successful in all its business areas and, fortunately or unfortunately, their mobile area hasn’t achieved the results that company had forecasted. As a result of the failure of the billing-wide goals in Mobile Samsung department, tehy are preparing to make a restructur in what concerns to the employees, intending to reduce their workforce by 30%.
The reduction of employees will dispense some who according to Samsung “have mediocre performance” with the goal to reducing costs at the same time increase the productivity. Although employees are dismissed, according to a Samsung representative, they will receive what is their right, ie compensation.
In this process, it is obvious that Samsung will do everything to make their employees to request the end of the contract and according to another source from Samsung, “there have been meetings to define strategies dismissal “. So far we havn’t had an official statement from Samsung, but if confirmed it will be certainly one of the biggest mass layoffs in modern history.
Will Samsung seek to invest in another segment than mobile? Or will it be able to reduce production costs and thus seek to invest in competition of other equipment ranges?