Samsung Electronics has started laying off 80-100 executives in India, focusing on its television and home appliance businesses, according to livemint.com. The layoffs include director-level officials and team leads at the company's headquarters and branches. This move comes amid weakening consumer demand and shrinking margins in Samsung's core smartphone segment.
The layoffs are being implemented in multiple batches, targeting senior roles within the affected divisions. Executives across different levels, including those in leadership positions, have been asked to leave as part of the restructuring effort. Samsung India has not disclosed the total number of employees impacted beyond the 80-100 executives reported, but the focus remains on streamlining operations in the TV and home appliance segments, per livemint.com.
This development reflects broader challenges faced by consumer electronics companies in India, where demand fluctuations and competitive pressures have intensified. Samsung's decision to reduce its workforce in these units aligns with similar moves by other industry players aiming to optimize costs amid market uncertainties. The layoffs highlight the ongoing adjustments in the electronics sector as companies recalibrate their strategies to sustain profitability.
Samsung's largest mobile factory in India continues to operate, but the company is prioritizing cost efficiency in less profitable divisions. The layoffs mark a significant step in Samsung India's efforts to address margin pressures, with the company expected to provide further updates on its restructuring plans in the coming quarters, according to livemint.com.