Samsung Electronics has implemented a six-day workweek policy for its executives in response to economic challenges. The decision, aimed at addressing lower financial results from the previous year, involves executives at both Samsung Electronics and SK Hynix. This shift to a longer workweek is a reaction to a combination of rising oil prices, higher borrowing costs, and a significant depreciation in the value of South Korea's currency. The company has indicated that this measure will remain in effect until there is an improvement in its economic situation.
Four-day workweeks might have all the buzz, but one major tech company is going in the opposite direction. Samsung is implementing a six-day workweek for all executives after some of the firm's core businesses delivered lower financial results last year. https://t.co/VyijJFwGT1
Executives at Samsung Electronics and SK Hynix will work 6-days a week starting this weekend as they enter emergency mode amid rising oil prices, higher borrowing costs and a sharp slide in the value of South Korea’s currency, media report, noting the overt demand by their…
Samsung reportedly tells executives they're working 6 days a week now https://t.co/CDwQTFKhnK
Samsung is telling its executives they are going to be working 6-day workweeks until the company's economic situation improves. https://t.co/LCXHbuq132 https://t.co/WgGCln1YCL
Samsung Imposes 6-Day Workweeks for Execs to Combat 'Crisis' https://t.co/7L4g3ukTr7
Samsung shifts executives to six-day workweeks to ‘inject a sense of crisis’ https://t.co/g8cQ2M2j0D