Samsung cuts US jobs, offers relocations ahead of HQ move: Reuters
Samsung said 739 jobs in Englewood Cliffs are affected as the consumer electronics unit shifts its headquarters to Texas and reorganizes staff.
- On Sunday, Samsung Electronics America said 739 roles in Englewood Cliffs, New Jersey, are affected by plans to move headquarters to Texas, aiming to foster collaboration within a growing AI-driven ecosystem.
- Samsung joined Tesla and Oracle in moving major operations to Texas, where lower taxes and business-friendly regulations attract tech companies seeking operational cost-efficiency and alignment within growing technology hubs.
- Documents show SEA notified employees on June 30 of an "enterprise-wide reduction-in-force" with a "significant number of impacts," while IT services affiliate Samsung SDS America flagged 179 potential cuts at Ridgefield Park, New Jersey.
- Samsung also cut about 100 workers at its Plano, Texas office, while LinkedIn posts show more than 30 additional workers across various United States locations were let go or left in recent weeks.
- While Samsung reported a 19-fold profit jump in its chip division, its mobile unit expects a first-ever loss amid intense competition from Apple and Chinese rivals like TCL and Hisense.
48 Articles
48 Articles
South Korean tech giant Samsung has laid off 800 people in the United States, reportedly due to the relocation of its US headquarters.
Samsung Layoffs Impact Over 60% of New Jersey Staff as HQ Moves to Texas: 739 Roles Affected
Samsung Electronics has cut hundreds of jobs across its US consumer electronics business as it prepares to move its American headquarters from New Jersey to Texas, unsettling a workforce that had moved into new offices less than a year ago. Samsung confirmed that 739 roles at Samsung Electronics America's (SEA) office in Englewood Cliffs, New Jersey, were affected, a figure also listed in a state WARN notice. Most of those staff were offered the…
Samsung cuts hundreds of US jobs while AI boom sends chip profits soaring
Samsung Electronics America said 739 roles at its Englewood Cliffs, New Jersey, offices have been affected by the relocation. The majority of those workers have been offered positions in Texas, though others have been laid off. Around 100 employees at Samsung's Plano, Texas, site, including staff from the mobile division,...Read Entire Article
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