Ghana news briefing
Samsung cuts US jobs, offers relocations ahead of HQ move
The South Korean tech giant said in a statement to Reuters on Sunday that 739 roles in Englewood Cliffs, New Jersey, have been affected by Samsung Electronics America (SEA )'s plans to move its headquarters to Texas, as SEA focuses on consumer electronics and does not include chips.
The cuts — though related to the shift in headquarters — underscore diverging fortunes within the South Korean tech giant with its chip division skyrocketing to record profit but its consumer electronics units languishing as chip costs surge.display, phone and other consumer electronics operations — affecting workers mainly in New Jersey and Texas, according to documents and two people familiar with the matter.
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