Key facts
- Samsung Electronics America is reducing its workforce by 739 employees in Englewood Cliffs, New Jersey.
- The company is relocating its US headquarters to Plano, Texas.
- The move is expected to be completed by the end of 2026.
- Plano already hosts Samsung's US mobile and network business operations.
- Samsung has significant semiconductor manufacturing investments in Texas, including a new foundry in Taylor.
- The Taylor foundry has a $16.5 billion contract with Tesla for AI automotive chips.
Samsung Electronics America is set to reduce its workforce by 739 employees in Englewood Cliffs, New Jersey, as detailed in a Worker Adjustment and Retraining Notification (WARN) notice. This workforce reduction accompanies the company's decision to relocate its US headquarters from New Jersey to its existing campus in Plano, Texas, a move slated for completion by the end of 2026.
The relocation marks a consolidation of operations in Texas, where Plano already houses Samsung's US mobile and network business. The move will place executive leadership alongside the company's substantial semiconductor manufacturing investments in the state, including a $37 billion foundry in Taylor, Texas, expected to begin operations by the end of 2026. This facility has secured a $16.5 billion contract with Tesla to manufacture AI automotive chips.
Approximately 1,000 employees at the Englewood Cliffs campus were informed of the decision in May and given the choice to transfer to Texas or face job elimination. While most are expected to be offered relocation, a smaller group will remain in New Jersey for local operations. The company has acknowledged the human impact of these adjustments and stated it will provide support to affected employees.
The departure has drawn criticism from New Jersey business groups, who pointed to the state's high corporate tax rate of 11.5% as a factor contributing to Samsung's decision. The New Jersey Business & Industry Association urged state leaders to pursue policies aimed at reducing costs and regulatory burdens to improve the state's business climate.