Samsung bought Harman International, the parent company of JBL and AKG, at a sky high price of 8 billion dollars last week. On November 21, it was announced that Samsung might cut 20% of its staff in China. at home Samsung, which has seven branches, has branches in 32 provinces, with more than 10000 employees, and 20% of layoffs may affect thousands of jobs.

Although the Galaxy S7/S7 edge series sold well at the beginning of the year, the Note7 in the middle of the year became the machine king without any doubt. The former was Samsung Electronics' highest quarterly operating profit in two years, but the latter was recalled all over the world due to the problem of battery self ignition, resulting in a 16.8% drop in net profit and a 30% drop in overall operating profit of Samsung Electronics in the third fiscal quarter of fiscal 2016. Samsung Electronics even said that until the next flagship Galaxy S8 comes out in March next year, the failure of Galaxy Note7 will make Samsung lose 3.5 trillion won.

Samsung, faced with huge losses, may have taken the biggest measure to increase its income and reduce its expenditure by laying off staff, and the range is as high as 20%. It is rumored that the central China branch will even be merged, and the layoff will begin in December.

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