samsung preparing to lay off 1000 employees in india

Samsung is allegedly laying off upwards of 1,000 employees in India. A report from the Economic Times, claims the main reason for this is the fierce competition in the face of Chinese competitors like Xiaomi which have put huge pressure and eroded profits in the local market.

According to anonymous Samsung India representatives, the cuts will affect the R&D, sales, marketing, manufacturing and corporate relations departments.

A big problem that Samsung is facing in India is the underwhelming online sales of its smartphones and TVs. According to reports, the online channels account…