Japanese tech company Panasonic cuts 4% of its global workforce as profits falter

Panasonic says it will slash its global workforce by 10,000 people, half in Japan and half overseas, to become a more efficient, “lean” company," The Japanese manufacturer said Friday that the job cuts, amounting to about 4% of Panasonic's workers, will include early retirement offers in Japan and closures and consolidation of various operations

May 9, 2025 - 12:13
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Japanese tech company Panasonic cuts 4% of its global workforce as profits falter
Panasonic says it will slash its global workforce by 10,000 people, half in Japan and half overseas, to become a more efficient, “lean” company," The Japanese manufacturer said Friday that the job cuts, amounting to about 4% of Panasonic's workers, will include early retirement offers in Japan and closures and consolidation of various operations