Samsung restructures India ops, merges overlapping TV and home appliance functions to lift profits
Samsung is removing duplicate roles across its TV and home appliances units in India amid a weak rupee, slowing smartphone demand and rising chip costs. Despite FY25 revenue of ₹1.11 lakh crore (+12%) and net profit of ₹11,286 crore (+38%), the appliances and TV segment saw profit fall 33% YoY. Job cuts are possible as the firm pursues aggressive pricing to gain share.
Samsung is restructuring its India operations to remove overlapping functions across TV and home appliance sales, aiming to boost profitability amid weak rupee, slowing smartphone demand, and rising chip costs. Job losses possible; company pursues aggressive India pricing to gain share.