Samsung mulling to slay a chunk of its work force stating ‘higher running costs’: [REPORT]

Samsung is reported to lay off a number of employees in their homeland. Apparently this doesn't come as a surprise considering the fact that the Korean electronics giants were rumored to cut around 1,000 jobs in China back in September.

Samsung reported to cut more jobs to work out running costs

According to a new report Samsung is planning to slay a number of managerial employees in Korea to reduce running costs. Apparently the report coming from Korea states that the company is advising its ‘average' workers with mediocre performance to leave the company, albeit with a sizable compensation.

SEE ALSO: Diwali Special offers: Top 10 Unboxed Smartphones at up to 70% Discount

In fact the electronics giant is planning to layoff around 30% of its workforce in Finance, HR and Marketing divisions. Ironically has asked the HR teams, who themselves are in the line of fire to persuade employees in question to tread the Voluntary Retirement System (VRS).

Samsung reported to cut more jobs to work out running costs

Facing stiff competition from Chinese compatriots the Korean makers has been having tough times in the sub-continent as well as in the mainland China. However the company is still going strong in Home Appliances, PC/Mobile Peripherals including their successful range of Exynos SoC and AMOLED displays.

Read More About: samsung news

Stay updated with latest technology news & gadget reviews - Gizbot