Samsung cuts NJ jobs, offers relocations ahead of – Business News
Samsung Electronics has cut jobs at its US show, telephone and different client electronics operations — affecting staff primarily in New Jersey and Texas, in keeping with paperwork and two people accustomed to the matter.
The South Korean tech giant stated on Sunday in a assertion to Reuters that 739 roles in Englewood Cliffs, New Jersey, have been affected by plans by Samsung Electronics America (SEA) — which is targeted on client electronics and doesn’t embrace chips — to maneuver its headquarters to Texas.
At SEA’s Plano, Texas workplace, some 100 staff together with employees in its cell division, have been let go, in keeping with one one that stated they have been among the many workers laid off. Sources declined to be recognized as a result of of the sensitivity of the difficulty.
Samsung stated that 739 roles at Samsung Electronics America ‘s headquarters in Englewood Cliffs, New Jersey, have been affected by its transfer to Texas. Anne-Marie Caruso/NorthJersey.com / USA TODAY NETWORK through Imagn Images
The cuts — although associated to the shift in headquarters — underscore diverging fortunes within the South Korean tech giant with its chip division skyrocketing to report revenue however its client electronics models languishing as chip prices surge.
Samsung’s determination to shift SEA’s headquarters is placing as a result of SEA workers in New Jersey solely moved to new workplaces with a lot fanfare much less than a yr in the past. SEA employs about 1,200 staff within the Garden State, in keeping with a press release by US Rep. Josh Gottheimer, D-N.J., who attended an occasion to mark the opening of the new workplaces in September.
While the exact extent of the layoffs at SEA couldn’t be discovered, paperwork seen by Reuters show that the unit notified some workers on June 30 of an “enterprise-wide reduction-in-force,” including that there have been a “significant number of impacts.”
LinkedIn posts reviewed by Reuters additionally show more than 30 staff, together with senior gross sales and advertising officers in each Texas and New Jersey in addition to a few in different US areas, stated they’ve been let go or left the company over the previous couple of weeks.
Details in regards to the job losses at SEA haven’t beforehand been reported.
Samsung stated in its assertion that the shift of SEA’s headquarters “may lead to changes in our workforce structure, such as employees who are unable to relocate, or certain functions that are optimized to ensure our roles align to key business priorities.”
Some 100 staff at Samsung’s workplaces in Plano, Texas, have been let go, Reuters reported. SAMSUNG
A majority of people affected have acquired relocation offers, however others have been let go, it added with out elaborating.
Its cell division, nevertheless, is anticipated to post its first-ever loss, because it grapples with intense competitors from Apple. Chinese rivals like and Hisense are additionally difficult Samsung in televisions and home home equipment. Higher chip prices due to the AI increase have weighed on earnings for all of its client electronics merchandise.
Samsung’s job cuts mirror strikes by different world corporations together with Microsoft, Amazon and Meta, which have shed jobs whereas redirecting spending towards AI infrastructure.
US Rep. Josh Gottheimer, D-N.J., attended an occasion to mark the opening of new Samsung headquarters in New Jersey in September. Getty Images The Hill & Valley Forum
It has additionally joined Tesla, Oracle and different tech firms in transferring headquarters or main operations to Texas, recognized for decrease taxes and business-friendly laws. The state is already home to Samsung’s chip factories and a cell hub in Plano.
Samsung staff are involved the latest job cuts could possibly be adopted by further layoffs and a consolidation of the company’s equipment, home leisure and cell divisions, because it focuses sources on chips, a present SEA worker stated.
Samsung stated in its assertion there was at the moment no broad, world restructuring underway within its client product business.
REUTERS
Samsung has flagged it’ll probably post a 19-fold leap in second-quarter revenue on robust AI-driven chip demand. It additionally introduced plans final month to invest a whole lot of billions of {dollars} in new chip plants.
The relocation of the unit’s headquarters is meant to foster “stronger collaboration and optimize the organization by bringing more teams together within a growing technology and AI ecosystem,” it stated.
Samsung Electronics had 11,770 workers within the US as of the tip of 2025, which incorporates staff in its chip division.
Samsung’s IT companies affiliate Samsung SDS America, has flagged that 179 roles could possibly be cut at Ridgefield Park, New Jersey, in keeping with a June discover required beneath the state’s legal guidelines.
Those personnel modifications are due to the relocation of Samsung SDS’ North American headquarters and had nothing to do with layoffs or restructuring, Samsung stated.
