Toshiba to Cut 4,000 Jobs in Major Restructuring Under New Private Equity Ownership

The move follows a $13 billion takeover by Japan Industrial Partners, aiming to revitalize the struggling conglomerate.

Job cuts represent 6% of Toshiba's domestic workforce.
Toshiba will relocate its head office from Tokyo to Kawasaki.
The company targets a 10% operating profit margin within three years.
This restructuring is seen as a significant test for private equity in Japan.
Other Japanese firms, including Konica Minolta and Shiseido, have also announced recent job cuts.