Samsung to cut nearly 10,000 of its headquarters staff
That would imply Samsung is letting go of nearly 10,000 people.
The company is reportedly targetting workers in areas such as human resources, finance and public relations. Beyond this, the company is looking to cut expenses next year as the pressure mounts.
Samsung recently "adjusted" the prices of the new Galaxy S6 and S6 Edge phones after demand was not as strong as previously anticipated. According to Bloomberg, Samsung's global smartphone share fell by three percent in the second quarter.
The company's sales sat at around 206 trillion won ($171 billion, £111 billion) in 2014 but are expected to fall to around 200 trillion won ($166 billion, £108 billion) this year as Apple releases another iPhone and updated tablets which continue to be strong performers globally, eroding Samsung's share of the market.
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