Samsung India Cuts 80–100 Executives Amid Memory Chip Cost Crisis
· Business · India Today, Times of India
Samsung India has asked 80–100 executives—including directors and managers—to leave in batches from its television and home appliance divisions, citing soaring memory chip costs, weaker demand, and broader restructuring. The company is offering severance of three months’ salary plus an extra month’s pay per year of service. Memory chip prices have more than doubled, while the rupee’s 10% decline in FY26 and a 11–12% drop in India’s smartphone volumes have further squeezed margins. Up to 25% of Samsung’s sales and marketing staff in electronics could face cuts, including off-roll workers. Termination letters are being issued daily, with some employees exiting without notice periods. The pressure stems from global supply chain strains and a contracting Indian electronics market.
Why it matters
The layoffs directly impact Samsung’s workforce in New Delhi and across India, threatening jobs in electronics and home appliances while signaling broader challenges for the global tech sector. Consumers may face higher prices for Samsung products as cost-cutting measures ripple through supply chains and pricing strategies.
Read the original report — India Today
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