Last quarter, Samung, mainly its mobile division, did not do well. The company, mainly due to the high competitiveness of (not only) cheap brands like Xiaomi, saw a huge drop in profits, and over time, news began to appear that this trouble would cost a lot of employees and even the director of Samsung Mobile JK Shin himself, but according to recent news didn't happen
In addition to the record low number of 165 new executives, whose number, according to Korean media, it wants to reduce by as much as 25%, however, the South Korean conglomerate has already let go of three high-ranking managers of the company, according to Reuters. Among them was JD Lee, whose position in Samsung's mobile division was not far from director JK Shin's, and according to analyst Lee Seoung-woo of IBK Securities, he gave leadership company given his contribution one more chance.
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*Source: Reuters
