Samsung India lays off senior staff, plans more job cuts as costs rise, demand remains muted

Samsung India Electronics, a leading player in the mobile phone and consumer appliances space, has laid off 8-10 mid-to-senior-level employees and plans to let go of another 40-50 staff in the coming weeks as part of a cost-rationalisation exercise amid rising input costs and muted consumer demand, industry sources said.

The layoffs are taking place in the Consumer Electronics (CE) division of Samsung India, which houses its televisions, digital appliances, and home electronics businesses, they said.