Samsung Electronics America plans to lay off 739 workers in New Jersey, the company announced.
What the layoff plan covers
The cuts will affect employees across the company's New Jersey operations. The company did not specify which facilities or roles will be impacted, nor did it provide a timeline for when the layoffs will take effect.
Company presence in the state
Samsung Electronics America is the U.S. arm of South Korea's Samsung Group, one of the world's largest technology companies. The subsidiary maintains offices and research facilities in New Jersey, though the exact locations affected by the layoff plan were not disclosed.
No further details about the reasons for the reduction were immediately available.
