Samsung says planning job cuts in some Asian operations

Samsung Electronics announced job cuts in its Southeast Asian, Australian, and New Zealand operations to improve efficiency. While the company didn’t specify a target number, reports suggest up to 10% of the workforce in these markets could be affected. This comes despite Samsung’s strong Q2 performance, with operating profits soaring 1,462% year-on-year. The move contrasts with recent layoffs at other tech companies like Intel.READ FULL