NEW DELHI — Samsung India has reportedly cut jobs across its television and home appliance businesses as part of a cost-reduction effort amid rising operating expenses, weaker consumer demand and organizational restructuring.
The layoffs have affected employees at several levels, including directors, team leaders, branch managers and area managers, according to multiple reports.
The job cuts are being carried out in phases, with termination letters issued over the past several days. Some employees have reportedly been asked to leave immediately without serving their notice periods.
Samsung declined to comment on the reports.
Affected employees are reportedly being offered severance packages that include three months’ salary, along with an additional month’s salary for every completed year of service.
The cuts come as consumer electronics companies face softer demand and higher costs. Rising memory chip prices, elevated raw material costs and depreciation of the Indian rupee have contributed to increased operating expenses.
Smartphone shipments in India have also declined by about 12% year over year, while some industry estimates suggest the overall Indian smartphone market could fall around 13% in 2026. The second half of the year is expected to perform better than the first as festive-season demand provides some support.
Samsung had also planned to integrate its television and home appliance sales teams, although that restructuring has reportedly been postponed until the December quarter.
Despite the changes, Samsung India reported revenue of more than Rs 1.1 lakh crore and net profit of Rs 11,287 crore in fiscal 2025.
Separately, global foldable smartphone shipments are expected to surpass 100 million cumulative units by the end of 2026, marking a major milestone for the category eight years after the first commercially available foldable devices reached the market. (Source: IANS)
