Samsung might have just announced new investments and is having a lot of success lately with various products, but according to recent data, the company has cut its workforce for the first time in seven years. This is a result of its restructuring efforts in China.
The report mentions that a total number of Samsung employees fell from 325,677 in 2015 to 308,745 in 2016, which is 5.2%. In China, the number of Samsung employees in fell a whopping 17.5% to 37,070 last year. The only markets where the number of employees increased are North and South America, up to 25,988 or 8.5%. |