SAMSUNG SHIFTS EXECUTIVES TO SIX-DAY WORKWEEKS TO ‘INJECT A SENSE OF CRISIS'

Summary from the TLDR newsletter

Samsung has introduced a company-wide six-day workweek policy for executives. The company had disappointing financial results last year and is now trying to tackle ongoing business uncertainty. The new workweek policy aims to inject a sense of crisis as part of an all-out effort to overcome its current challenges. Employees under the executive level are not expected to follow suit. Samsung is facing increased competition in the production of high-bandwidth memory chips alongside wider economic concerns like rising borrowing costs and oil prices and a rapid depreciation of Korean currency.