Samsung Electronics Co. Ltd. (OTC:SSNLF) has reportedly cut jobs across its U.S. display, phone and consumer electronics operations in New Jersey and Texas.
Chip Boom Masks Mobile Division Pain
Samsung confirmed that 739 positions in Englewood Cliffs, New Jersey, were affected as Samsung Electronics America moves its headquarters to Texas, the South Korean technology company said in a statement to Reuters on Sunday. Most employees were offered relocation options, while others were laid off, according to the report.
Citing a source who was laid off, Reuters reported that in Plano, Texas, about 100 workers, including mobile staff, were let go.
Samsung did not immediately respond to Benzinga‘s request for comment.
