Samsung to Slice 10% of Workforce at Korea Headquarters
Samsung is prepared to lay off as much as 10% of the employees at its headquarters in South Korea, says the Korea Economic Daily. The company is likely targeting employees in the human resources, public relations, and finance departments. At last count, Samsung had about 99,000 employees at its South Korea headquarters, which means close to 10,000 workers may lose their jobs. The move is meant to help control costs. Samsung's latest wave of smartphones (Galaxy S6, S6 edge) haven't resonated with consumers as the company hoped, and Samsung has seen sales numbers drop for five months straight. Since April, Samsung has lost more than $40 billion in market value. Samsung did not confirm the Korea Economic Daily's report, which cited unnamed sources.
Verizon Outbids AT&T for Straight Path
May 11, 2017
Verizon Communications has won a bidding war for Straight Path Communications. AT&T announced plans to acquire Straight path for $1.6 billion last month.
Straight Path to Pay FCC $100M for Squatting On 5G Spectrum
Jan 12, 2017
The FCC has fined Straight Path Communications $100 million for failing to deploy wireless service in accordance with spectrum license requirements. Straight Path is sitting on approximately 1,000 licenses for spectrum in the 39 GHz band, which will eventually be used for 5G.
Sprint Says It Will Bring Back or Create 5,000 US Jobs
Dec 29, 2016
Sprint this week committed to creating 5,000 new jobs in the U.S. Some of the positions will be new, and some will be brought back from locations abroad.
Intel to Trim 12,000 Employees and Refocus Chip Biz
Apr 19, 2016
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources.
T-Mobile, Verizon Offer Free Roaming In Korea During Olympics
Jan 25, 2018
Americans traveling to South Korea to attend the 2018 Winter Olympic Games will be able to roam for free if they subscribe to T-Mobile or Verizon Wireless. T-Mobile says its customers can take advantage of free unlimited high-speed data, unlimited calls within South Korea and back to the U.S., as well as free texting while attending the games.
gee... wonder why
They sealed in the battery and removed expandable memory options.
Those were the biggest things they had going for them