Samsung will be relocating office staff amidst workforce reduction rumors
Samsung was rumored to cut around 10% of its office staff at company headquarters in Seoul, South Korea, but now Samsung is saying that those rumors simply aren’t true. The rumors stemmed from Samsung’s slowed earnings in the past few years, and typically when a company begins to bring in less money, they cut employees to counter that.
Samsung has said that they will be relocating a portion of their staff instead of laying anyone off, similar to their situation last year where the company sent management-level employees to different divisions to help out.
This is good news for Samsung employees, at least, but if things continue the way they’re going, Samsung will probably end up making job cuts somewhere down the line.
source: Yonhap News
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