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Samsung delivers lumps of coal for those in the mobile division by cutting bonuses

After a great start with the Galaxy S7 and S7 edge, Samsung's hopes of closing out the year on a high note ended with a literal bang the moment the Galaxy Note7 started to explode onto the market. Although Samsung has laid the Note7 to rest, it would be an understatement to say the company suffered a bit financially, with the losses expected to be in the billions. For those in the mobile division of the company, the loss means a loss of their own, as it is being reported that they will have their bonuses cut this year.

Samsung offers Overall Performance Incentives (OPI) to its employees that can pay up to 50% of their annual salary - as long as certain criteria are met. The OPI is based on performance for the year and since the mobile division suffered heavily in the final part, their bonus is reportedly being reduced from 50% to 17%. The firm will attempt to rebuild its brand and trust with consumers for 2017. The firm is expected to announce its next handset, the S8, in the next few months.

Source: SamMobile | image via Samsung

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