Panasonic says it will cut 10,000 jobs, or 4%+ of its staff, 5,000 in Japan and 5,000 overseas, and expects ~$895M in restructuring charges this fiscal year (Yuki Furukawa/Bloomberg)

Yuki Furukawa / Bloomberg: Panasonic says it will cut 10,000 jobs, or 4%+ of its staff, 5,000 in Japan and 5,000 overseas, and expects ~$895M in restructuring charges this fiscal year  —  The supplier of lithium-ion batteries to Tesla Inc. said the job cuts target 5,000 employees in Japan and 5,000 overseas and would take place mostly in the current fiscal year.

May 9, 2025 - 14:33
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Panasonic says it will cut 10,000 jobs, or 4%+ of its staff, 5,000 in Japan and 5,000 overseas, and expects ~$895M in restructuring charges this fiscal year (Yuki Furukawa/Bloomberg)

Yuki Furukawa / Bloomberg:
Panasonic says it will cut 10,000 jobs, or 4%+ of its staff, 5,000 in Japan and 5,000 overseas, and expects ~$895M in restructuring charges this fiscal year  —  The supplier of lithium-ion batteries to Tesla Inc. said the job cuts target 5,000 employees in Japan and 5,000 overseas and would take place mostly in the current fiscal year.