The world’s top electronic company, Samsung Electronics, is cutting up to 30% of its overseas staff in some divisions like Americas, Europe, Asia, and Africa, and this plan will be implemented by the end of this year. Samsung has allowance worldwide to reduce sales and marketing staff by about 15% and the administrative staff by up to 30%.

Samsung employed a total of 267,800 people as of the end of 2023, and more than half, or 147,000 employees, are based overseas. Samsung employs some 25,000 people in India. Employees who may need to leave the India unit could reach 1,000.

In China, the employees were expected to affect about 30% of its employees at its sales operation. These all reports were given by a South Korean newspaper this month. The company said that there are no specific targets for the plans, adding that they are not impacting its production staff.

These job cuts Samsung facing challenges in its chip business, because it recovers slow as compared to its competitors, as well as grow competition in the premium smartphone market. Job cuts is made in preparation for a slowdown in global demand for technology products as the global economy slows and improves its bottom line by saving costs.

Samsung would find it difficult to lay off workers in South Korea because it was a politically sensitive issue. Job cuts could also move labour trouble at home. South Korean workers' union at Samsung Electronics recently went on strike for some days, demanding higher wages.

Shares in Samsung Electronics, South Korea's most valuable stock, are trading at their lowest level in 16 months on Wednesday, as some observers cut their profit rate for the company recently mention a weak recovery in demand for smartphones and personal computers.