Samsung Employees Fear For Their Jobs Amidst Annual Reshuffle, Poor Earnings
According to Reuters, Samsung is expected to announce its annual personnel changes early next month, something that's become a sort of ritual for the company. It's also a distracting one, especially this time around since so many jobs could be at stake, depending on how Samsung decides to restructure its business model going forward.
Naturally Samsung isn't commenting to the media on the matter, though there are local reports suggesting the company may slash management jobs by as much as 20 percent, including 30 percent from the mobile division.
Samsung has some tough choices to make, and a lot of them are related to mobile. It was reported earlier this week that the company sold just 12 million Galaxy S5 devices during its free three months on the market, or 4 million fewer than its predecessor and 40 percent less than expected.