In August, Samsung announced a series of restructuring measures to cut costs and otherwise shakeup the complacent company. They included voluntary retirement programs and a corporate reorganization, according to the report.

According to sources , Samsung Electronics had 85,269 employees as the end of September, down 1,630 from the 86,899 as of March this year.

Management headcount hit 821, down 15 from the same period, according to the service, which is the nation's financial watchdog.

The moves follow a major DRAM downturn and a lackluster memory market. Several executives from Samsung Electronics have also recently agreed to plead guilty to participating in a global conspiracy to fix DRAM prices.

By: DocMemory
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