Once a market leader, Samsung India lays off again in a tough market

Amid falling profit and tough market conditions, Samsung Electronics is cutting the flab. Its new realignment exercise may make over a hundred people redundant. Once the market leader, Samsung had already resorted to such exercise once earlier in the year.

According to sources, apart from job cuts, two of its top level executives - its chief marketing officer Ranjivjit Singh and a divisional business head Sukesh Jain resigned.

While a official clarification is due, sources said the tough challenges it faced in recent years in India since it lost the top spot in smartphone market to Xiaomi may have been