From what I understand, not too many people were hit - this had something to do with an audit of marketing operations. I can't be sure, though.
My main worry right now is that this is just a start, an intro to something much bigger that will be coming our way sooner rather than later.
I guess all we can do is wait and see.
Tons of media people were canned -- 25 out of 50 -- and two areas (one is social media) lost everyone except a single junior person.
This is all about the new CEO clearing chairs his own people will sit in. Same Samsung story in US, different new executive.
One person was let go for buying girl scout cookies from a colleague. True story.