Samsung 'to cut 10% of back office jobs and halve expenditure'

South Korean company anticipates tough year for smartphone market, say reports from Seoul

Samsung is to cut jobs and expenditure at its headquarters in anticipation of a slump in the smartphone market, according to a Korean financial newspaper.

The company will make 10% of its support employees redundant and cut general expenditure by 50% in the next year, writes the Korea Economic Daily.