Japan's Panasonic targets 10,000 job cuts worldwide

Panasonic cutting 10K jobs from its workforce: What to know

Panasonic said the cuts would take place in fiscal year 2026.

Panasonic to lay off 10K workers globally

The electronics maker will also shutter some business units and sites as part of the overhaul.

Panasonic targets 10,000 job cuts worldwide

Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability. The cuts, which represent around four percent of the group's workforce of nearly 230,000, will be implemented mainly in the current financial year to March,…

Panasonic Announces 10,000 Layoffs Worldwide

Japanese electronics manufacturer Panasonic plans to terminate 10,000 workers globally as part of a reform to resolve “structural issues,” the company said in a May 9 statement. The layoffs target 5,000 Japanese employees and 5,000 overseas workers at Panasonic’s consolidated companies. Job cuts are set to be implemented mainly in fiscal year 2026, “in accordance with the labor laws, rules, and regulations of each country and region.” “The compa…

The Japanese giant of Panasonic electronics, which supplies batteries to Tesla, announced Friday that it will cut 10,000 jobs worldwide. The cuts, which represent about 4% of the workforce of the group of almost 230,000 employees, will be carried out mainly in the current financial year until March, the company said. Of the 10,000 cuts, 5,000 will be made in Japan and the other 5,000 abroad. Panasonic, which manufactures from television sets to …

Panasonic has once been successful with televisions and video recorders. Now the boss wants to drastically rebuild the company.