Samsung is implementing a six-day work week for executives after reporting its worst financial situation in more than 10 years
Samsung, the South Korean tech giant, is enforcing a novel strategy to combat its financial downturn, by extending executive workweeks to six days.
In response to its worst financial performance in over ten years, Samsung has mandated a substantial change in its executives' work routine. The corporate executives are now required to commit to a six-day workweek instead of the traditional five. This change is aimed at instilling a sense of urgency to help overcome the financial crisis the company is facing, according to The Korea Economic Daily, which first reported the story.
The decision comes after Samsung reported a significant drop in earnings in 2023. The primary factors contributing to this decline include geopolitical tensions in Russia, Ukraine, and the Middle East, affecting ...