Back to News
Read Original
MODERATEAI LAYOFF
Samsung: 10,000 jobs cut
October 1, 2024KRElectronics/TechnologySamsung
Samsung Electronics began cutting up to 10% of overseas staff (~10,000 jobs) across Southeast Asia, Australia, New Zealand, the Americas, Europe, and Africa. Sales and marketing staff cut by 15%, administrative staff by up to 30%. Cuts driven by falling behind SK Hynix in AI memory chips.
Conservative
0
Core Estimate
4,000
Upper Bound
7,000
Sources
PrimaryYahoo FinanceOctober 1, 2024
Samsung to cut thousands of jobs globally amid struggles in AI chip market
Samsung Electronics began cutting up to 10% of overseas staff (~10,000 jobs) across Southeast Asia, Australia, New Zealand, the Americas, Europe, and Africa. Sales and marketing staff cut by 15%, administrative staff by up to 30%. Cuts driven by falling behind SK Hynix in AI memory chips.