Samsung reduces jobs in US and plans restructuring

Samsung Electronics plans to cut hundreds of jobs in its U.S. operations, especially in the mobile and consumer electronics sectors, while relocating its headquarters from New Jersey to Texas. Approximately 739 jobs at the Englewood, New Jersey office and 100 jobs at the Plano, Texas office are affected, with most employees being offered the chance to transfer to the new headquarters. This move is part of the company's strategy to focus more on AI chips, which have achieved record profits, while its consumer electronics units face pressures from rising chip costs and market competition. Samsung remains committed to strengthening its semiconductor business, expecting profits to increase, while anticipating losses in the mobile division due to fierce competition and rising costs.

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