Samsung India begins layoffs as TV, appliance businesses face rising cost pressures
- Samsung India has asked 80–100 executives in its TV and home appliance businesses to leave.
- Rising chip prices, a weaker rupee and slowing demand are putting pressure on Samsung’s sales and margins.
- The smartphone division remains unaffected for now, while the initial job cuts focus on TV and home appliance teams
- Further cuts could follow after Diwali, with up to 25% of electronics sales and marketing staff potentially affected.
Source: storyboard18.com
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