After this decision of LG, it is also reported that the company has also thrown out some workers. The layoffs of these employees have been done at the local level.
Lg Shutsdown Smartphone Business
The smartphone company LG has closed its smartphone business forever. In a statement, the South Korean company said that, due to the continuous losses in the mobile segment, this decision has been taken. In such a situation, we now want to focus on the area in which we are doing well. The list includes electric vehicle components, connected devices, smart home products, robotics, artificial intelligence and business to business solutions. This decision is being taken at a time when the company has already shown the glimpse of its rollable phone at CES 2021.
LG’s smartphones which are already available in the market include Wing, Velvet, Q Series, W Series and K Series. The sale of all these models will not be stopped. LG has said that it will continue to provide software updates to its customers. This means that Indian Velvet customers will not get software updates until European customers get these updates. The company will continue to work with suppliers and business partners until the mobile division is completely closed.
LG has said that it will completely shut down its mobile business by 31 July, but the company of the phones left at the moment will continue to sell. Although how it will work, it is not known at the moment. But the users who currently have this company’s phone, they do not have to worry because the company will support your phone for some time.
After this decision of LG, it is also reported that the company has also thrown out some workers. The layoffs of these employees have been done at the local level. If you believe the report, LG can put these employees in any other departments of the company.
Let us know that the smartphone business of the company was at a standstill for the last 6 years and was not able to perform well in the market. In such a situation, a few months ago, the CEO of the company had indicated that he was thinking of shutting down the smartphone business forever. At the same time, LG was like a buried brand between Samsung and Chinese smartphone companies, which was just for the name. In such a situation, in the end, the company had to take this decision.
read this also:
Buying a new-age tire AC is not a profitable deal, these are the 6 major disadvantages
This AC will be controlled by your interest, do not ask for so much cold, the price is so low that it will make you feel like buying it
.