Samsung Won’t Resort To Layoffs Despite $14.2 Million Net Loss Last Quarter


Samsung suffered its very first quarterly loss last year due to the global economic recession, but the company has reiterated that it won’t be resorting to layoffs to help reduce costs. Samsung will use other measures to cut costs this year by three trillion Won, but the company didn’t specify how exactly they plan to do this.

They did emphasize that no layoffs will occur “at home,” though, and mentioned that Samsung Mobile Display will start supplying the company’s own 2-inch touchscreen displays for phones which should help the company, one way or another.

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