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Samsung slashes staff and expenses as smartphone slump begins to bite

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Samsung slashes staff and expenses as smartphone slump begins to bite

Samsung is set to cut 10% of its backroom staff and slash what it describes as general expenditure by 50%, as its poor smartphone sales continue to hamper business.

In July, Samsung revealed it had suffered a seventh consecutive quarter of sliding profits. Earnings from its mobile division were down by 38% year

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