In light of falling profits, Samsung is freezing wages for all of its employees in South Korea, Reuters reported on Thursday. This is the first time the company has elected to freeze wages since the international financial crisis in 2009, which goes to show just how seriously Samsung is taking this recent downturn. READ MORE:-Is the Galaxy S6 really an iPhone ripoff? Leaked comparison photo lets you be the judge The report claims that 2015 wages had already been frozen for Samsung’s executives, so the nearly 94,000 employees won’t be the only ones affected by the company’s belt-tightening measures. Also worth noting is the fact that these wage freezes are coming just days ahead of the unveiling of the Galaxy

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