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Samsung Electronics

005930.KSInformation Technology· Suwon-si, Gyeonggi-do, South Korea
LAYOFFS TRACKED
6
LAST EVENT
MARKET CAP
$330.00B
as of Aug 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

6 EVENTS
Sep 30, 2026UpcomingWARN notice
Englewood Cliffs, NJ
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 20, 2026Date not disclosedNews
Englewood Cliffs, New Jersey, USA

Samsung Electronics has cut 739 positions at Samsung Electronics America’s Englewood Cliffs, New Jersey office as it relocates its US consumer electronics headquarters to Texas. The reductions affect employees across its display and smartphone businesses; the company said many impacted staff were offered relocation packages while others were laid off. Reuters reported the cuts are directly tied to the headquarters move, and roughly 100 additional employees at the Plano, Texas office were also dismissed. Samsung framed the workforce changes as part of restructuring tied to the relocation rather than a company-wide consumer-products business restructuring, noting divergent performance between its booming semiconductor division and pressured consumer electronics units.

Reported Jul 19, 2026Date not disclosedNews
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 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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