According to the latest news from China, Samsung China will lay off more than a third of its employees. Samsung’s eleven branches in the country will eventually be merged into five.
According to insiders, a meeting on this issue was held yesterday afternoon. The company is currently working on a layoff plan, with the biggest impact on the mobile phone business. Layoffs will greatly affect the sales and marketing staff of mobile phones.
“There are other departments, however, employees of the mobile phone business are on the first place in the list of abbreviations,” the source said.
In September this year, after the closure of the last Chinese mobile phone factory in Huizhou, the South Korean manufacturer almost stopped the production of mobile phones in China. According to previous South Korean media reports, Samsung Electronics plans to entrust the annual production of some 60 million Galaxy M and Galaxy A series phones to Chinese assemblers.
In the second half of 2018, Samsung mobile phones improved their performance in the Chinese market, however, a year later, Samsung’s share in the local market still fluctuates around 1%.