Samsung Electronics America cuts about 839 jobs amid headquarters shift to Texas

Layoffs were concentrated in New Jersey and Texas as Samsung moved its consumer electronics headquarters from Englewood Cliffs to Plano, affecting a large share of its New Jersey workforce.

Summary

Samsung Electronics America cut about 839 jobs, with most reductions in New Jersey and Texas, as it relocated its consumer electronics headquarters from Englewood Cliffs, New Jersey, to Plano, Texas. A WARN notice reviewed by Reuters showed 739 planned layoffs in Englewood Cliffs alone. Samsung Electronics America employed about 1,200 workers in New Jersey, according to a September press release by U.S. Representative Josh Gottheimer, indicating the cuts affected a large share of that workforce.

Terms & Concepts
  • WARN notice: A filing required under U.S. law when employers conduct mass layoffs or plant closures.
  • Samsung Electronics America: The U.S. arm of South Korea's Samsung Electronics, handling sales and marketing for products including displays, phones, TVs and home appliances.