Samsung Implements Six-Day Workweek for Executives Amid Financial Struggles
In a surprising move, Samsung has announced that all executives will now be required to work a six-day workweek in an effort to boost performance and overcome financial challenges. The decision comes after the tech giant reported lower-than-expected financial results last year, prompting the company to enter “emergency mode.”
According to a Samsung Group executive, the six-day workweek is intended to inject a sense of crisis and encourage executives to make all-out efforts to improve the company’s performance. This new policy will affect executives across all Samsung Group divisions, including sales and manufacturing.
Samsung had a tough year in 2023, with net profit falling 73% in Q4 and losing its top spot on the global smartphone market to Apple. The company’s struggles have led to the implementation of the six-day workweek for executives, with some employees below the executive level potentially following suit.
While research shows that longer work hours do not necessarily lead to increased productivity, Samsung seems determined to push its executives to work harder in the face of economic uncertainties. The World Health Organization has also warned about the negative health effects of working long hours, including a decreased life expectancy and increased risk of stroke and heart disease.
As Samsung executives gear up for the new six-day workweek, the tech industry will be watching closely to see if this bold move pays off in the long run.