Yesterday, a report hinted that Samsung is planning to reduce the workforce at its headquarter by 10 percent, laying off workers from several departments.
However, it seems like it was just a rumor. Samsung has denied those reports and said it does not plan to reduce its workforce. Although some relocation of workers may take place in the future.
Samsung has over 300,000 users working in the company globally with almost 100,000 working in the company’s home country. As for the relocation of workers, a similar procedure was seen last year when the Korean company moved teams to other divisions of the company.
Over the past few months, the company has seen declining revenues. Even the launch of the Samsung Galaxy S6 and Galaxy S6 Edge didn’t improve things for the company. The company is facing tough competition in the smartphone market from Apple and other Chinese vendors who are launching decent devices at cheap prices.
The company has also decided to freeze the salaries of its employees for this year, something which they haven’t done in a while.