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AI Firms Are Betting on Job Replacement for Profits as Samsung Layoffs Hit Over 800 US Workers

International Business Times UK — July 20, 2026 at 12:05 PM UTC

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AI Firms Are Betting on Job Replacement for Profits as Samsung Layoffs Hit Over 800 US Workers

Samsung is relocating its U.S. headquarters from New Jersey to Texas, cutting over 800 jobs as it shifts focus towards AI-driven growth, reflecting a broader industry trend.