Samsung Cuts Mid-Level Managers from Mobile Business
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Dec 4, 2014, 8:20 AM by Eric M. Zeman
Samsung recently decided to keep CEO J.K. Shin at the helm of its mobile business, but executives who work for Shin were not so lucky. Samsung has relieved or reassigned dozens of executives, according to sources cited by the Wall Street Journal. Among those let go were vice presidents, senior vice presidents, and executive vice presidents across Samsung's marketing and development teams. The media solution center group lost 15 executives and saw its leader reassigned to another department. The 1,000-person unit is responsible for Samsung's own apps and services, such as ChatOn. Samsung reassesses its leadership ranks at the end of every year. For the last several years, Samsung has promoted hundreds of executives. This year marks a dramatic change as the company seeks to turn around slowing sales of its smartphones. Samsung did not comment on the Journal's report.
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Fire a bunch of Yes Men