According to a report by Korean newspaper which was relayed Tuesday by Bloomberg, Samsung Electronics is about to lay off ten percent of workers at its headquarters in South Korea “as the world’s biggest smartphone maker loses sales to Apple and Chinese vendors.”
It is no secret that things have been tough for Samsung ever since Apple released its larger-screened iPhones. In addition, strong competition from China's vendors like Huawei and Xiaomi, which build comparable phones that cost half as much as Samsung's high-end devices, has contributed to Samsung's diminishing sales in China.