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Samsung Downsizes Workforce For First Time in 7 Years Amid Global Restructuring

Samsung witnessed a reduction in the number of employees last year in its first manpower cut in seven years due mainly to its restructuring in China, South Korean newspaper Herald reports citing figured published by the company. From the report: The number of employees of the world’s largest smartphone and memory chip manufacturer fell 5.2 percent to 308,745 last year from 325,677 the previous year, the data said. By region, domestic employees dropped 3.8 percent to 93,204, and those abroad declined 5.8 percent to 215,541. As of the end of last year, the percentage of the employees at Samsung’s companies abroad dropped 0.4 percent to 69.8 percent. The number of Samsung employees in China fell 17.5 percent to 37,070 last year from 44,948 the previous year, while those in North and South America surged 8.5 percent to 25,988.

Read more of this story at Slashdot.

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