Samsung Mobile gives the pink slips to many low-tier executives, reassigns others

Being in a quite complicated financial situation right now, Samsung is slowly taking the necessary precautions to prevent a market disaster, the culprits for which might end up being the underperforming smartphone sales (we are looking at you, Galaxy S5) and the ever-growing pressure that is coming from the numerous China-based manufacturers. All of this led to a 30% reduction of Samsung's 2015 portfolio and almost led to a restructuring at the top of Samsung - J.K. Shin nearly lost his position as a president of Samsung' mobile division.

However, numerous lower-tier executives - vice presidents, senior vice presidents, executive vice presidents, etc. - that worked in Samsung's IT and mobile unit have been reportedly given the pink slips and relieved from their duties with the South Korea giant, while many others have been reassigned to other departments in the company. The number of those who have been laid off is uncertain. Prior to this restructuring, Samsung's mobile division employed roughly 200 executives of different kinds and levels. Among them is D.J. Lee, the former head of Samsung's mobile division.

Lee Seung-woo, an analyst with IBK Securities, a Seoul-based analyst firm, claims that a lot of Samsung's non-executive employees might get sacked as well so as to further cut expenses. Another reason for this is the unoptimistic forecast for smartphone shipments in 2015. 

As of now, Samsung has denied to comment on these recent layoffs.

source: The Wall Street Journal



1. MythBusters

Posts: 20; Member since: Sep 05, 2014

and give pink slip to TouchWiz too !!

4. AndroidLollipop unregistered

Or just change the looks of touchwiz. The functionality of touchwiz is unbeatable. You could see its powers in note 4

2. SuperAndroid507

Posts: 361; Member since: Jan 06, 2014

Pink slips, lol, I thought they were giving away cars.

3. tech2

Posts: 3487; Member since: Oct 26, 2012

NFS Most Wanted, much ?

5. Dastrix unregistered

"Samsung had been working to reach an annual smartphone sales target of 500 million [units] in the long term, but that now looks difficult to achieve." So much for being over-confident. Sammy just wished it wouldn't spend billions on R&D. Pulling out to the pink slip shows they're desperate. Still it's very unfortunate for those laid off employees.

6. joey18

Posts: 666; Member since: Jul 20, 2010

every company goes up and dawn blackberry was top saler smartphone long term and see the results so samsung need to work real smartphone s6 spen all tricks note 4 to the s6

7. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Feel bad for the employees, but those bastards got lazy...

8. Venkatramanan

Posts: 327; Member since: Aug 15, 2014

All Sammy / Android fans bashed MS for giving pink slip to employees. What are they going to say for this news. For them, Even though Sammy is in profit in their mobile division the lay-off's are OK but if other companies are in loss also , they should not lay-off any body. If any thing about Sammy / Android these fans are being dumb but if any chance for basing MS / BB they will come to bash happily. Sammy , Google and Apple fans are more biased.

9. Crispin_Gatieza

Posts: 3123; Member since: Jan 23, 2014

Palm, BlackBerry & Nokia are all examples of companies that at one time or another were leaders in their respective areas and failed due to complacency. There's no other way around it, Samsung has been sitting on its laurels and the buying public is noticing. Incremental changes don't cut it anymore. This should serve as advance notice to Apple as well.

11. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

I dont think it is incremental that is killing them, it is the dilution of a brand name. Galaxy no longer means premium.

12. Crispin_Gatieza

Posts: 3123; Member since: Jan 23, 2014

Galaxy is their brand, much like Lumia was Nokia's and Xperia is Sony's.

10. Bertelgeus

Posts: 126; Member since: Oct 15, 2014

Beauty of Android: people get fired.

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