Samsung Cuts Jobs and Offers Relocations Ahead of U.S. HQ Move
Samsung Electronics is cutting over 700 jobs in New Jersey as part of its plan to move the headquarters of Samsung Electronics America (SEA) from Englewood Cliffs, NJ, to Plano, Texas. At least 100 employees were laid off at the Texas office. The job cuts are attributed partly to rising chip costs and increased competition affecting consumer electronics divisions.
Topics: consumer electronics corporate restructuring HQ relocation layoffs