Samsung India cuts jobs in consumer electronics business

Samsung India trims workforce in consumer electronics business (Photo: Samsung)

New Delhi, IANS): Samsung India has reportedly laid off their executives across its television and home appliance businesses as part of a cost-rationalisation exercise amid rising operating costs, muted consumer demand and organisational restructuring, as per multiple reports.

Reports suggest that the workforce reduction affects employees across various levels, including directors, team leaders, branch managers and area managers.

The layoffs are being carried out in phases with termination letters issued over the past few days, according to them.

Some employees have reportedly been asked to leave immediately without serving their notice period.

When contacted, Samsung declined to comment regarding such reports.

In addition, Samsung is offering affected employees a severance package comprising three months' salary along with an additional month's salary for every completed year of service.

The move comes as consumer electronics companies grapple with softer demand and rising costs.

Moreover, factors such as higher memory chip prices, elevated raw material costs and depreciation of the Indian rupee have added to operating expenses, as per reports.

Additionally, smartphone shipments in India have declined by about 12 per cent year-on-year.

Similarly, some industry experts expect that the Indian smartphone market to decline by around 13 per cent year-on-year in 2026 with the second half likely to perform better than the first half as festive demand provides some support.

Samsung had also planned to integrate its television and home appliance sales teams, although the move has reportedly been deferred until the December quarter, say reports.

Despite the restructuring, Samsung India reported revenue of over Rs 1.1 lakh crore and net profit of Rs 11,287 crore in FY25.Separately, a report noted that global foldable smartphone shipments are expected to cross 100 million cumulative units by the end of 2026 which is a major milestone for the category in its eighth year since the first commercially available foldable was launched. Samsung India cuts jobs in consumer electronics business | MorungExpress | morungexpress.com

Read More........ → September 14, 2026

Huawei and HP Inc. sign landmark patent cross-licensing agreement

Press Release

Posted by Harry Baldock: Today, Huawei and HP Inc. announced the signing of a multiyear global patent cross-licensing agreement, including license to HP Inc. for certain Huawei WiFi patents. This milestone agreement not only reflects the companies’ cooperation in the field of intellectual property licensing but also recognizes Huawei’s innovation capabilities and core technological strength as well as HP’s position as a global leader in computers and peripheral equipment.

Alan Fan, Huawei’s Chief Intellectual Property Officer, stated, “Huawei is pleased to reach this patent cross-licensing agreement with HP Inc. This agreement is a strong testament to Huawei’s persistent independent innovation in cutting-edge fields in Information and Communications Technology (ICT). Through patent licensing, Huawei shares its innovation with the industry, particularly in the area of standardized technologies, which brings leading technological experiences to consumers worldwide.”

Steven Geiszler, who represented Huawei in the negotiations, stated: “This is another successful licensing of Huawei patents, particularly in the area of standardized Wi-Fi technologies—while obtaining valuable reciprocal patent rights from HP Inc. I appreciate the professionalism and courteousness shown by HP’s negotiation team during this project.”

“This is a standard-essential patent license covering Wi‑Fi technology – something used broadly across the industry and routine for companies whose products connect to Wi‑Fi. It is not new, does not represent a broader strategic or commercial relationship, partnership, or collaboration with Huawei,” said HP in an emailed statement.

Wi-Fi has become one of the most widely used wireless technologies in the world, connecting homes, schools, hospitals, offices and public spaces. Each generation of the standard is developed openly, drawing on technical contributions from companies across the industry, and is then made broadly available to implementers.

Although lacking the speed and throughput of newer generations, Wi-Fi 4 and 5 are still widely used, providing reliable networking for less demanding applications.

High speed, large capacity and lower energy consumption enable Wi-Fi 6 to deliver multiple high-definition video streaming, gaming and AR/VR services alongside legacy broadband and IoT devices such as laptops, refrigerators, cameras, doorbells, thermostats, and lightbulbs—all with a single wireless router.

Wi-Fi 7, building on Wi-Fi 6, delivers higher throughput, lower latency, and more reliable Wi-Fi connectivity. These enhancements enable an exceptionally smooth experience for 8K video, gaming, AR/VR, remote work, online video conferencing, and cloud computing.Together, these advances and applications have made reliable wireless connectivity part of the basic infrastructure of everyday life — supporting remote healthcare, digital education, and more energy-efficient homes and workplaces. Huawei has played a significant role in contributing to the development of Wi-Fi technologies over successive generations and makes the resulting technologies available publicly, so that innovation created in one place can benefit users everywhere. Huawei and HP Inc. sign landmark patent cross-licensing agreement - Total Telecom

Read More........ → September 10, 2026

Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures

Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures

Mumbai, (IANS): German car manufacturer Volkswagen has announced to cut 1 lakh jobs by the end of the decade in a sweeping cost‑cutting plan, marking the largest restructuring in the global auto industry.

The German carmaker announced a further reduction of about 50,000 positions on top of nearly 50,000 job cuts already agreed, amounting to about 15 per cent of the group’s workforce.

The company decided to halve the number of car models the Volkswagen group produces, which includes the Bentley and Audi brands, and considers to shut down four production plants in Germany within the next eight years.

“Given intensifying global competition, shifting demand and technological change in the automotive industry, a consistent alignment of workforce capacity with economic reality is essential,” the Volkswagen Group said in a statement.

Volkswagen employs over 6.5 lakh people across brands including Skoda, Seat, Porsche, Cupra and Lamborghini.

The group plans to streamline its model portfolio by around 50 percent and reduce its offering complexity by around 75 percent by 2035.

“The prioritised models aim to excel in design and technology – and benefit from the focus on fewer variants: Higher volumes per model, lower costs, stronger economies of scale,” the statement said.

The Volkswagen Group is systematically tailoring its platforms, electronic architectures, driver assistance systems and software to the needs of both the Western and Eastern hemisphere, it added.

In North America, the Volkswagen Group will focus on the most profitable segments. In China, the Group is adapting to revised expectations for overall growth in the Chinese automotive market and is expanding its export business toward the “Global South,” the statement added.

The company said that portfolio of shareholdings and businesses will be rigorously assessed and streamlined by around one-third to retain only those with a clear strategic and financial contribution to the core business.

“Non-strategic activities will be divested or realigned. The real estate portfolio will also be reviewed. The goal is to have a leaner structure and more effective use of capital,” the company said. Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures | MorungExpress | morungexpress.com

Read More........ → September 03, 2026