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LG rumored purging 30% of mobile staff to stay afloat

updated 02:25 pm EDT, Thu September 8, 2011

LG phone division alleged to be shedding staff

LG may have taken emergency steps to reverse its still ongoing losses in its mobile group. A claim in the Korea Economic Daily had LG cutting 30 percent of its non-Korean mobile staff to bring the section's finances above water. Similar steps were on the way for the company's Korean home, tipsters said.

Most of the cuts would be to sales and those closing purchasing deals, as well as some more consistently money-losing locations.

Officially, LG said it didn't comment on rumors and wouldn't confirm or deny the details.

The company has been late to tackling the high end of the smartphone market and has consequently given up a significant amount of ground. This past spring, it sank to 5.7 percent of all cellphones as its on-the-mend smartphone business wasn't growing quickly enough to offset the rapid decline of basic cellphones. Much of its hope for 2011 rests on the Optimus 3D, which just reached the US as the Thrill 4G through AT&T.

LG's Korean rival, Samsung, is nearly caught up to Apple and increasingly one of the most influential phone makers in the world. Much of this has been credited to a much wider smartphone library and a focus on cutting-edge designs like the Galaxy S II.




by MacNN Staff

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Comments

  1. SockRolid

    Joined: Dec 1969

    +4

    They can be retrained

    LG's ex-employees can learn Mandarin Chinese, move to Shenzhen (and/or Tucheng, Taiwan) and work for Foxconn. They'll need all the help they can get to keep up with iPhone demand.

  1. Mr. Strat

    Joined: Dec 1969

    +4

    c*** deserves to die

    After the G2X debacle, they should just give it up. LG has always produced crappy stuff.

  1. global.philosopher

    Joined: Dec 1969

    +1

    Android not working out for them...

    Was it worth the gamble? Always dangerous to play the commodity game.

    If they were smart they would go back to the drawing board with Meego - the true OSS alternative to iOS.

  1. SwissMac

    Joined: Dec 1969

    0

    Too late for the drawing board

    Going back to the drawing board hasn't really been a great idea for Nokia, with a 75% decline in share price, and haemorrhaging market share - mostly to Android.

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