Samsung is laying off hundreds of employees across the United States as it relocates its U.S. headquarters from New Jersey to Texas, according to a Reuters report.

The company said 739 positions in New Jersey were affected by the move. While some employees were offered relocation packages, others were laid off. An additional 100 employees were reportedly let go at Samsung’s offices in Plano, Texas, including workers in its mobile division.

The layoffs come as Samsung’s semiconductor business benefits from surging AI-related demand, while its mobile and consumer electronics divisions face rising component costs, intense competition, and shrinking profit margins.

Samsung said the move is not part of a global restructuring but is intended to consolidate teams, improve efficiency, and better align its workforce with the company’s business priorities.

(YWN World Headquarters – NYC)