Samsung India Initiates Layoffs Amid Falling Sales

Samsung India has cut 80 to 100 jobs as the company faces an 11 to 12 percent decline in smartphone sales volumes.

Rising chip prices, which have more than doubled, are contributing to the financial strain, with further layoffs of up to 25 percent of marketing staff possible after Diwali.

The company is currently navigating significant cost pressures that have necessitated these workforce reductions across its Indian operations.