In the group they focus a lot on the DS (Device Solutions) division which manages the semiconductor sector – The performance of the division has been poor lately
Tech giant Samsung is facing multi-faceted crises, showing that it is unable to chart a clear path forward, particularly in the semiconductor market, where its foundry is lagging behind and its next-generation memory products are struggling to compete successfully. other companies and its classic products such as mobile phones are under pressure from Chinese companies.
The South Korean group carries out a major reshuffle of its workforce across the organization every year, Sammobile reports. This time the process has started earlier as there is a sense of urgency to improve the situation. According to information, the corporate restructuring also leads to the dismissal of high-ranking executives.
In the group they are focusing a lot on the DS (Device Solutions) division which manages the semiconductor sector, during the organizational restructuring. It’s no secret that the division’s performance has been poor lately, and Samsung believes that a major organizational restructuring is now necessary.
This appears to include Samsung Electronics, which announced several high-ranking executives in the division that they were fired. Some business managers are likely to be replaced amid the major reshuffle that will see many employees leave the division, and new talent coming in from other parts of the group.
Market analysts point to the possibility that Samsung Electric CEO Jang Deok-hyun, DS division vice president Ahn Jin-man and Semiconductor Research Institute CTO (chief technology officer) Song Jae-hyuk may be removed from their positions. This shows the importance Samsung attaches to organizational restructuring to restore the division’s fundamental competitiveness.
Samsung Electronics Chairman Jay Lee has publicly acknowledged the group’s ongoing challenges while expressing confidence that the company can turn things around. It is clear that “channeling” new talent into some of its most critical business areas is seen as a necessary step for growth to return.
Source: Skai
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