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Samsung employees reportedly handed back $2.9 million to apologize for poor performance

19
Jul
2014

Samsungs profits are dipping from their exceptional heights on the back of several extremely popular smartphones, and many of the companys employees are feeling the pressure. According to Reuters, close to 200 managers from Samsungs mobile division have returned a quarter of a recent bonus that they received in an effort to show that they accept responsibility for the companys waning performance and would work harder moving forward. For its first quarter of 2014, Samsung reported a profit of 8.49 trillion won ($8.23 billion). Though its a substantial figure, its a dip from the 8.78 trillion won that it saw a year earlier, and that dip is expected to repeat itself for Samsungs quarter two. Last year, Q2 saw Samsung take in 9.53 trillion won (around $8.5 billion), and even that fell short of Wall Streets expectations for the formidable smartphone maker;

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