Samsung Electronics, the world's largest manufacturer of smartphones, televisions and memory chips, is cutting up to 30% of its staff overseas, The Economic Times reported.
The South Korea-based company has instructed its subsidiaries worldwide to cut sales and marketing staff by about 15% and administrative staff by up to 30%.
The plan will be implemented by the end of this year and will affect jobs in the Americas, Europe, Asia and Africa.
It is unclear how many people will be exempted and which countries and business units will be most affected.
Samsung said the workforce adjustments were routine and aimed at improving efficiency.
Samsung employs a total of 267,800 people by the end of 2023, and more than half, or 147,000 employees, are based overseas, according to the company's latest sustainability report.
The majority of these jobs are in manufacturing and development, and sales and marketing staff are about 25,100, while 27,800 work in other areas. | BGNES
