The company said that about 4,800 eligible employees under the voluntary separation program it announced in June 2024 for select U.S.-based management employees will leave the company by the end of March 2025, with more than half of them exiting in September 2024.

1. 01

   The company said that about 4,800 eligible employees under the voluntary separation program it announced in June 2024 for select U.S.-based management employees will leave the company by the end of March 2025, with more than half of them exiting in September 2024.

2. 02

   The company said it expects to record severance charges of $1.7 billion to $1.9 billion ($1.3 billion to $1.4 billion after tax) in Q3 2024, principally related to this program and other headcount reduction initiatives.

3. 03

   As part of its continued transformation initiatives, the company said it plans to cease use of certain real estate assets and exit non-strategic portions of certain businesses in September 2024.

4. 04

   The company said it expects to record asset and business rationalization charges of $230 million to $380 million ($170 million to $290 million after tax) in Q3 2024 in connection with these strategic actions.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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