Samsung is in Crisis

Me on my samsung phone watching a video about the fall of Samsung

I was a full-time corporate employee at Samsung Electronics of America, in Orange County, CA. I LOVED that job, I loved my co-workers, the higher ups I was interacting with. It was one of the best jobs I've ever had, a true dream job. Come Sept. 27, 2024, they laid of 30% of us, it was a dark day. They kept the contractors though. I'm still trying to find another job since the lay offs. EDIT: For those asking, I was in Data Analytics and saw where the company was losing money. I was not a DEI hire. TBH, someone from R&D and Innovation needs to be CEO instead of the accounting dept. calling the shots. I learned a lot, and looking forward to my next adventure. Good luck to those looking for employment as well, we'll make it soon!

who knew the entire Samsung company would be 50% off Black Friday special.

Samsung just got complacent. They used to be at the cutting edge and usually brought new features to phones years before companies like Apple. They had LG nipping at their heels, though. Eversince LG Mobile went bust, they started modeling their strategy after Apple. The problem with that is that unlike Apple, they dont have a cult. Chinese brands are the ones pushing innovation forward now.

That's troubling when a company is so big and important to the country that the executives are above the law.

This makes me appreciate how perfectly Nvidia understood the proverb "When everyone is digging for gold, sell shovels." Edit: Wow, it seems like Nvidia's meteoric rise isn't all that it seems. There is so much more to the story.

Imagine having billions in profit yet the investors are still panicking, the greed is real.

I worked for another one of Korea's chaebols which was very similar to Samsung, in fact many of the people went back and forth between this company and Samsung. They often hired only Korean and especially family members of current employees. I saw engineer teams completely miss obvious flaws in chips and product designs and if you pointed it out to them and you were not Korean they would flip out and get really angry. Many of the Korean managers wouldn't even talk to their non-Korean staff that were technically their employees, they would hire in an intern or some type of assistant (usually Korean female) and they would handle communication and instruction to non-Korean workers. Even though they were a tech company the people working there weren't very big into tech or the products they were selling. To this day I still wonder how these companies have been so successful, I guess this happens at many big companies but......

The infinite growth investment expectations cause so much harm to companies. Imagine your company making almost 7 BILLION in profit and your investors being disappointed because they wanted 900 million more.

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