Samsung Cuts 839 U.S. Jobs, Shifts Consumer Electronics HQ to Texas
Updated
Updated · CNBC · Jul 19
Samsung Cuts 839 U.S. Jobs, Shifts Consumer Electronics HQ to Texas
3 articles · Updated · CNBC · Jul 19
Summary
739 roles in Englewood Cliffs, New Jersey, were affected as Samsung Electronics America moves its headquarters to Texas; most workers were offered relocation, while others were laid off.
About 100 more employees in Plano, including mobile-division staff, were let go as the company carried out a June 30 enterprise-wide reduction in force across its U.S. consumer electronics business.
The cuts highlight Samsung's split performance: it has flagged a 19-fold second-quarter profit jump from AI-driven chips, while its mobile unit is expected to post its first-ever loss amid pressure from Apple and Chinese rivals.
Texas already hosts Samsung chip factories and a mobile hub, and the move aligns it with other tech groups shifting operations there for lower taxes and a business-friendly environment.
Samsung said no broad global consumer-business restructuring is underway, but employees fear more layoffs and consolidation as resources keep shifting toward chips.