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Samsung Layoff: 3% of Employees at US Chip Subsidiary Cutoffs of their Job

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Samsung Layoff

Samsung Layoff

Samsung Electronics has laid off 3 percent of its US semiconductor subsidiary – Devices Solution Americas (DSA). Business Korea, the citing source, said Samsung DSA notified all its employees of the job cuts due to specific economic conditions. The total number of employees at Samsung DSA is 1,200, out of which 30 have been laid off.

Why is Samsung skipping the galaxy S23 FE? The reports mentioned that, in the previous quarter (Q4 of 2022), the tech giant recorded an operating profit of $204 million in the semiconductor division. Based on the last quarter of 2021, the profit has declined by a staggering 96.9 percent, expected to continue in the current quarter.

Samsung Galaxy s23 ultra review: Better photography and gaming capabilities. However, Samsung is one of many semiconductor companies to lay off employees. Other chipmakers, such as intel, reported sales of $14 billion and an operating loss of $700 million in Q4 2022, the worst business performance in 50 years. To offset this, the company started laying off employees in the first quarter of 2023.

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