Samsung denies rumors of staff cuts
Yesterday, a report released suggested that Samsung is planning to reduce its workforce at its main headquarters by 10 percent, laying off employees from various departments.
However, it seems that this report was just a rumor. Samsung has denied these allegations and said that it has no plans to reduce its workforce . Although it is possible that employees will be relocated to other regions in the future.
Samsung has over 300,000 employees working for the company globally with nearly 100,000 working in the company's home country. In terms of employee, a similar process was observed last year when the Korean company moved teams to other parts of the company.
Over the past few months, the company has seen its revenue decline. Even the launch of the Samsung Galaxy S6 and Galaxy S6 Edge hasn't improved things for the company. The company faces stiff competition in the smartphone market from Apple and other Chinese micro-enterprises that are pushing decent devices at cheap prices.
The company also decided to freeze its employees' salaries for the current year, something they haven't done for quite some time.
