At a glance
Samsung is relocating its US consumer electronics headquarters from New Jersey to Texas and cutting 739 jobs in the process. An additional 100 positions will be cut in Plano.
Samsung is relocating its U.S. consumer electronics headquarters from New Jersey to Texas and eliminating 739 jobs in the process. An additional 100 positions will be cut in Plano, Texas.
The move signals both cost reduction and a geographic shift in where major tech companies want to be headquartered. New Jersey loses not just jobs but the anchoring presence of a major corporation.
Citation trail
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