Business · 14h ago
Samsung cuts 739 US jobs in New Jersey ahead of Texas HQ shift
Samsung is laying off 739 employees in New Jersey as part of a restructuring before moving its US headquarters to Texas. The affected workers were offered relocation, while others were let go. The cuts come as Samsung's chip division posts record profits.
Meridian48 take
The layoffs highlight a strategic pivot to Texas, but the contrast with record chip profits raises questions about cost-cutting motives beyond relocation.
Read the full reporting
Samsung cuts hundreds of US consumer electronics jobs ahead of Texas HQ move — 739 roles affected in New Jersey as chip division posts record profit →
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