In order to make a company lean and mean, all of the dead weight will need to be culled, which is a painful, albeit necessary experience. Having said that, Samsung might be taking the same route as Microsoft, where the latter is said to reduce their global workforce by a whopping 18,000 heads by 2015, which means the South Korean conglomerate could very well go down a similar path. After all, Samsung’s overall sales have started to drop, not to mention having some of its rivals make gains in its traditional strongholds.
We also have word that Samsung has also started to lag behind the likes of Xiaomi in China, while it has also lost some pace in India because of Micromax. This does not, however, turn Samsung into a pariah company overnight, and they are far from being in the similar foxhole that BlackBerry is in at the moment. They remain as the dominant player in the industry, although some whip cracking needs to be done.
Apparently, some of the higher ups in Samsung have taken the bold step of returning their bonuses so that they can help the company in whatever battles that they are up against, whether right now or in the future. Leadership by example, extremely commendable, but will it help in the long run?