Economy · India
Samsung India reportedly lays off 80-100 executives
Samsung India has initiated layoffs, reportedly asking 80 to 100 executives to leave, primarily from its television and home appliance divisions. This move is attributed to declining consumer demand and rising costs. The smartphone division has not been affected, with expectations of improved sales during the upcoming Diwali season.
How outlets across the spectrum covered it
L 0 C 6 R 0
- Centre (6 votes, 7 outlets): Business Today, Deccan Herald, Mathrubhumi, Mint, NDTV, The Economic Times ยท The Times of India (Times Group — 1 vote)