As rumors of restructuring and people losing jobs are piling up ahead of the company's upcoming December personnel change announcements, morale among employees has hit a low, and even senior managers don't know what to expect.
An unnamed Samsung employee said that "management is distracted to the point where rank-and-file staff needed to work overtime and weekends to make sure development for major products stayed on track". A head of another Samsung business unit complained that "major strategic
Like father, like son.
initiatives" have been postponed because managers don't know who to report to and are clueless as to who will eventually oversee them.
Making wide personnel changes must be an extremely cumbersome process in a conglomerate that numbers about 300,000 employees globally. To make matters more difficult, the son of the now-hospitalized Samsung Group chairman Lee Kun-hee, Jay Y. Lee (46 years old), is stepping in as the new Samsung leader and decisions are largely up to him. Of course, he isn't exactly "the new guy", as he has been an increasingly important part of Samsung since early childhood.
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