Layoffs 2024: Samsung Electronics to trim 9-10% workforce in India, as consumer demand weakens, says report

Layoffs 2024: Samsung Electronics is planning to lay off more than 200 executives across various functions in its Indian operations, The Economic Times reported. The decision comes amid slowing business growth and weakening consumer demand in the country.

The layoffs are expected to impact multiple departments, including mobile phones, consumer electronics, home appliances, and support functions. Industry sources suggest that this reduction could affect approximately 9-10% of Samsung’s managerial workforce in India, the report added.