Samsung initiates workforce reduction in Southeast Asia, Australia, New Zealand, contemplating a 10% cut.

Reports indicate that Samsung Electronics has begun to lay off employees in the Southeast Asia region, including Australia and New Zealand, constituting approximately 10% of the workforce in this region. The numbers may vary across different business units.

Representatives of Samsung clarified that the overseas business units have made staff reductions to enhance operational efficiency, but did not specify the exact number of employees to be let go in each unit.

Currently, Samsung has around 147,000 employees outside of South Korea. Reports suggest that the departments most affected are management and support, while the manufacturing sector is attempting to avoid downsizing.

Source: Business Times

TLDR: Samsung Electronics is laying off around 10% of its workforce in the Southeast Asia region to improve operational efficiency, with the manufacturing sector trying to retain its employees.