Samsung's explosive Galaxy Note 7 could result in a load of management changes
Reuters, it would appear that one of those measures would be to enact a series of layoffs that would effect all levels of the company. Samsung will be conducting their annual employee review process starting a couple months from now in December, and with a class action lawsuit and an estimated $5 billion worth of losses as a result of this whole debacle, it makes sense that Samsung would use these reviews to start laying off employees who were involved with the Note 7.Having such a issue pop up as it did for Samsung with the Note 7 would make you think that the company would take measures to make sure that something like this never happens again, and according to a report from
Reuters -As per a Samsung employee who spoke to
Also, as one might expect as a result of Samsung still not being able to figure out just why the Note 7 explodes, there's a lot of stress and frustration currently building up throughout the entirety of the company. The Note 7 recalls and termination have resulted in Samsung losing heaps of money and being faced with lawsuits and investigations, so these kind of feelings aren't all that surprising considering the situation that they're currently in.
However, despite these reports that both executive and working-level employees could be facing layoffs, a spokesperson for Samsung said that the company is "not considering any management changes or restructuring." Even with that being said, we still find it likely that some sort of restructuring will take place sooner rather than later. The Note 7 caused nothing but trouble for Samsung, and we'd be very surprised if they didn't feel it was necessary to take some sort of action along these lines.
"not considering any management changes or restructuring."
Layoffs are never something that we like to see, and the whole situation surrounding the Note 7 and Samsung's current state is all quite unfortunate. The company will undeniably do what they can to redeem themselves with the soon-to-be-released Gear S3 and upcoming Galaxy S8, but only time will tell what happens in regards to the company's workforce and management team.
This story is part of:The explosive Galaxy Note 7 saga (140 updates)
9 November Canadian couple abroad had to destroy their Note 7 phones to get home, files class action lawsuit against Samsung
8 November Samsung Canada will exchange Galaxy Note 7s, bought from a third-party
3 November Samsung promises to work hard towards regaining consumer trust
3 November Samsung promises to get rid of its Galaxy Note 7 stockpiles with minimal damage to the environment
1 November Chinese customers outraged after Samsung execs kneeled to apologize for the Galaxy Note 7 fiasco