Samsung India to lay off 200+ executives amid slowing growth, challenges

Samsung Electronics is set to lay off over 200 executives across its Indian operations as the company faces slowing business growth and mounting competition, according to a report by The Economic Times (ET) citing senior industry executives. The electronics giant’s decision to cut its managerial workforce by 9-10 per cent comes in response to declining consumer demand, particularly in its core smartphone business, as well as a broader effort to reduce costs and improve profitability.