Samsung to cut 1000 people from India||AllBestNews||

Strong challenge from Chinese companies! Samsung to cut 1000 people from India

Korean giant Samsung has decided to cut the number of employees in India by up to 1,000. Samsung has already been forced to cut the price of smartphones and televisions.

The impact of a strong challenge from the Chinese mobile handset companies in India is also being seen on other companies. Korean giant Samsung has decided to cut the number of employees in India by up to 1,000. Samsung has already been forced to cut the cost of smartphones and televisions in order to save its margins and profits.

According to the news published in the Economic Times, three senior officials have given this information. According to him, the country's largest consumer electronics and mobile phone maker Samsung has been doing all this under a plan to rationalize its cost. He told that Samsung has so far removed 150 employees from its telecom division and this process will be completed by October.

The Samsung India spokesperson has said that the company is committed to Indian business and will make good investments in all businesses. The world's largest mobile phone factory is being set up here and investing in new businesses such as 5G networks. He said that as the company progresses, its effort will be to generate more employment.

20 thousand employees in India

According to an estimate, there are about 20,000 employees in Samsung units in India. According to the newspaper, all Samsung Head of Business has handed over the list of those who performed poorly to Indian Operations President. In the case of many businesses, 10 percent of the total team strength is coming down.

Rationalizing the number of employees, ie, this drill will include sales, marketing, R & D, manufacturing, finance, HR, corporate relations etc. This whole exercise is being done in the direction of Samsung's headquarters located in Seoul, whose emphasis is on improving profits rather than revenues in India. Records from Samsung India have been closed since April. After the festive season i.e. Dussehra-Diwali sale, the situation will be reviewed once more.

The problem started in Samsung India in 2017-18, when their net profits saw decline. In India, Samsung's sales are being challenged by the popularity of Chinese brands such as Chaomi and One Plus. Because of this, the company has to cut prices of its phones and TVs by 25 to 40 per cent. In the Indian smartphone market, Shawmy's share is 29%, Samsung's 23% and Vivo 12%.