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Samsung reportedly cuts some U.S. jobs, offers relocations ahead of HQ move

Samsung is reducing its U.S. workforce and offering relocations as the company moves its headquarters to Texas.

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3210Jul 20 02:29Jul 20 21:30 UTC

The brief

Samsung Electronics America is cutting hundreds of U.S. consumer electronics jobs. According to a WARN notice and reporting from Yahoo Finance, 739 roles in New Jersey are affected.

The company is offering relocations to some employees in conjunction with its move to a Texas headquarters. Coverage from Reuters, CNBC, and Benzinga emphasizes the timing of these layoffs relative to the HQ relocation.

Tom's Hardware notes that these cuts in the consumer electronics sector occur while Samsung's chip division is posting record profits. Future developments depend on the execution of the headquarters move to Texas and the status of the relocation offers provided to affected staff.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 5h ago.

Quick answers

How many jobs are being cut in New Jersey?

A WARN notice indicates that 739 roles in New Jersey will be reduced.

Where is Samsung moving its headquarters?

Samsung is relocating its headquarters to Texas.

Are all affected employees being laid off?

According to coverage from Reuters and CNBC, Samsung is offering relocations to some employees.

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