Overview

• Panasonic will eliminate 10,000 jobs, evenly split between Japan and international locations, by the end of the fiscal year in March 2026.
• The company expects to book ¥130 billion ($896 million) in one-time restructuring costs during this fiscal year.
• The job cuts represent approximately 4% of Panasonic's global workforce of 230,000 employees, targeting sales, indirect operations, and unprofitable businesses.
• Panasonic aims to achieve a 10% return on equity by FY2029 and at least ¥600 billion in adjusted operating profit by FY2027 through its restructuring efforts.
• The company plans to reallocate resources to higher-growth areas such as EV batteries and artificial intelligence while exiting underperforming segments like industrial devices and consumer electronics.