Samsung Continues Laying Off Employees For 2016; Last Time Was In 2015

By Louell Lopez, Posted: 10/18/16 06:20AM EDT
Samsung Electronics, the main company of the Samsung business conglomerate, displaying a model of one of their high-end products
Despite much public embrace for their electronic products, Samsung again is reducing their number of employees.(Photo : David Ramos/Getty Images)

Despite being a major force in the smartphone industry, Samsung has continued to eliminate staff positions from its different affiliates. A report from last week had mentioned that the Korean business conglomerate is eyeing to lay off more workers in order to reduce the amount spent on service.

According to Android Headlines, more than 5,000 employees under the umbrella of Samsung Group were forced to cease employment during the early half of 2016. This uncertain market outlook could have been triggered by the recent cockup of their Samsung Galaxy Note 7 campaign which fanned the flame for scheduled lay-offs.

Samsung Electronics, its main enterprise has already cut-off 3,579 of its workforce. Samsung SDI, which produces top-tier batteries has already planned to lay off 12,000 employees before the end of 2016.

Prior to this, the company already cut lose 1,741 employees. Other subsidiaries such as Samsung Heavy Industries, which is the second largest shipbuilder in the world, already laid off 1,756 employees while key electronic component manufacturer Samsung Electro-Mechanics also let go of 1,697 members of its workforce.

The Galaxy Note 7 fiasco began in September and has evolved into a labyrinth of problems for the Samsung Group. Originally, a pre-call was made for the Note 7 due to battery failure which lead to property and physical damage. An exchange program was even launched in multiple countries, however, the replacement models with the supposed new batteries persistently showcased the same critical issues. The Samsung Group as of the moment has permanently discontinued the factory manufacture of this model.

According to BGR, the Samsung Group also had not just one but two major layoffs in 2015. Most of the permanently sidelined employees belong to the areas that covered finance, human resources and the marketing area of Samsung. Specifically, underperformers and employees belonging to the upper-crust who failed to gain another promotion were on the chopping block.

 



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