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Samsung Electronics

005930.KSInformation Technology· Suwon-si, Gyeonggi-do, South Korea
LAYOFFS TRACKED
5
LAST EVENT
Sep 30, 2026
MARKET CAP
$330.00B
as of Oct 26, 2026
EMPLOYEES
266,000

Samsung Electronics is a global manufacturer of consumer electronics, semiconductor components, and IT products, including smartphones, TVs, memory chips, and foundry services. It is a leading supplier in memory and display technologies and operates a diversified business across device solutions and consumer products.

Layoff timeline

5 EVENTS
Sep 30, 2026WARN notice
Englewood Cliffs, New Jersey

Samsung Electronics is cutting 739 U.S. jobs as it moves its U.S. headquarters to Texas. The article reports the elimination of 739 roles tied to the relocation of the company's U.S. headquarters, describing a workforce reduction affecting its U.S. operations. The move to Texas and resulting job cuts are presented as part of Samsung's organizational shift in the United States; no specific departments or exact effective date are provided in the article. Context about broader company strategy or additional global workforce impacts is not detailed beyond the U.S. headquarter transition and the 739 positions affected.

Reported Sep 8, 2026Date not disclosedNews
India

Samsung Electronics has initiated a workforce reduction in India focused on its TV and home appliance businesses, asking approximately 80 to 100 employees, including executive-level staff, to resign. The cuts are being implemented in phases across levels from director-level executives and team leaders to branch and regional managers; some employees were asked to leave immediately. Severance offered includes three months' salary plus one month's pay for each year of service. The company excluded its core smartphone division from this round ahead of Diwali, though observers expect further streamlining after the festival; drivers cited include surging memory semiconductor prices, a weakening rupee, rising raw material costs, and weaker smartphone sales in India.

Reported Jul 22, 2026Date not disclosedNews
Englewood Cliffs / Ridgefield Park, New Jersey, USA

Samsung Electronics is planning workforce reductions in New Jersey tied to its move of the U.S. headquarters from Englewood Cliffs to its campus in Plano, Texas. The company is cutting 739 positions related to the headquarters relocation, and the majority of impacted employees have been offered relocation; Reuters reported additionally that Samsung cut 179 positions at Samsung SDS's Ridgefield Park facility, tied to the same move. Samsung described the changes as a business transformation to better position the organization for long-term growth, with the U.S. headquarters transition to be completed by year-end. These cuts are part of broader July WARN notices in New Jersey, which included several other employers and account for thousands of announced layoffs statewide.

Reported Jul 22, 2026Date not disclosedNews
Englewood Cliffs, New Jersey (headquarters move to Texas); Ridgefield Park, New Jersey

The article reports Samsung Electronics is cutting a total of 918 positions in New Jersey tied to its headquarters relocation from Englewood Cliffs to Texas: 739 corporate positions at its HQ and an additional 179 roles at Samsung SDS's Ridgefield Park location, the company's cloud computing and digital logistics unit. The majority of the 739 HQ employees have received relocation offers, according to Reuters, while Investing.com tied the SDS cuts to the same relocation. The notices are part of WARN filings included in broader July layoff announcements in New Jersey, which noted multiple large employers trimming staff. The article frames the reductions as planned workforce moves linked to the headquarters relocation and provides no specific single calendar date for when the cuts will take effect.

Reported Jul 19, 2026Date not disclosedNews
Englewood Cliffs, New Jersey and Plano, Texas, United States

Samsung Electronics has cut U.S. consumer electronics jobs tied to Samsung Electronics America (SEA) as it moves the unit's headquarters to Texas. Documents and sources say 739 roles in Englewood Cliffs, New Jersey were affected and about 100 workers, including some in the mobile division, were let go at SEA's Plano, Texas office; a majority in New Jersey were offered relocations while others were terminated. The unit notified employees of an "enterprise-wide reduction-in-force" and LinkedIn posts show additional recent departures across sales and marketing roles. Samsung framed the moves as workforce-structure changes related to the headquarters relocation while its chip division sees booming profits amid strong AI demand, placing pressure on consumer electronics units. The company said there is no broad global restructuring underway for its consumer product business.

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