1 day ago
Samsung India Job Cuts Expand Amid Costs And Muted Demand
Samsung India has started reducing the number of workers in its consumer electronics business.
So far, about 8 to 10 managers and other senior employees have lost their jobs.
The company may remove 40 to 50 more positions soon.
Samsung says the changes are connected to higher costs and weaker customer demand, according to industry sources.
It is also combining some offices, which may remove additional jobs.
Samsung remains a leading television seller in India.
However, it faces strong competition in appliances and smartphones.
Apple competes with it in expensive phones, while Chinese brands compete in cheaper and mid-priced phones.
Samsung’s smartphone division is not expected to have immediate job cuts because the company expects sales to improve during the festive season.
Samsung India has laid off 8-10 mid-to-senior-level employees in its Consumer Electronics division.
The company may cut another 40-50 jobs in the coming weeks as part of cost rationalisation.
The affected division includes televisions, digital appliances and home electronics, with about 500-600 executives.
Samsung is merging some branches, including Patna-Ranchi, with further mergers planned for Delhi-Gurugram and Punjab-Chandigarh.
Rising input and memory-chip costs, a weaker rupee, muted demand and strong competition are squeezing margins.
- Who
- Samsung India Electronics employees, particularly staff in its Consumer Electronics division.
- What
- The company has begun layoffs, may make further cuts, and is merging some branch offices.
- Where
- Samsung’s operations in India, including branches in Patna, Ranchi, Delhi-Gurugram and Punjab-Chandigarh.
- When
- The first layoffs have occurred, with another 40-50 cuts possible in the coming weeks; the company expects a smartphone sales recovery during the festive season.
- Why
- To reduce costs and improve efficiency amid rising input and memory-chip costs, a weaker Indian rupee, muted demand and intense competition.
Key facts
- Initial layoffs
- About 8-10 mid-to-senior-level employees in the Consumer Electronics division.
- Potential further cuts
- Another 40-50 staff may be laid off in the coming weeks.
- Affected division
- Consumer Electronics, covering televisions, digital appliances and home electronics.
- Division workforce
- Approximately 500-600 executives.
- FY25 revenue
- Rs 1.14 lakh crore.
- Consumer Electronics share
- Approximately 10-12% of company revenue.
- Smartphone revenue share
- About 70% of revenue comes from the handphones business, according to the report.
- Global restructuring
- Samsung was reported to have cut more than 700 jobs across US display, smartphone and other consumer electronics operations in July.
Sources
Related news
Samsung India Begins Layoffs as TV, Appliance Businesses Restructure
Samsung India Reportedly Asks 80-100 Employees To Leave
Samsung May Raise India Smartphone Prices as Cost Pressures Grow
Volkswagen India Plans 12% Workforce Cut Amid Global Overhaul
Samsung May Raise Indian Foldable Prices Amid Memory Costs
Indian smartphone market faces tougher H2 as prices rise
Apple Unveils First Foldable iPhone Duo, Starting At ₹2,99,900
Apple's Folding iPhone Event Begins Under New CEO Ternus
Apple Unveils AI-Focused iPhone 18 Pro, Eyes Folding Future
