Samsung India initiates job cuts, impacting nearly 100 executives
According to an ET report, Samsung India has started laying off staff within its home appliance and television divisions due to a combination of restructuring, declining consumer demand, and increasing expenses. Approximately 80 to 100 employees, ranging from managers and team leads to director-level staff, have been told to depart. An industry source mentioned by ET suggested that as much as 25% of the company's sales and marketing personnel in the electronics sector might eventually be impacted.