Panasonic, a Japanese electronics manufacturer, has announced that it has decided to lay off 10,000 people worldwide. The company announced that it made this decision due to the decline in battery sales and the decrease in profitability in the air conditioning sector. It was stated that half of the layoffs will take place in Japan and the remaining half in operations abroad.

Panasonic to lay off exactly 10,000 people

It was reported that this layoff process, which will cover a total of 10,000 people, 5,000 of whom will be in Japan, will create an additional cost of approximately $900 million for Panasonic. The company announced that it will comprehensively examine operational efficiency, especially in the sales department. During this process, the organizational structure and the number of personnel needed will be re-evaluated.

The layoff process will be officially completed in the 2025 fiscal year, which will end in March 2026. Following the downsizing of the workforce and the renewal efforts carried out in the consumer electronics business line, Panasonic; It plans to generate at least $4 billion in operating profit in the fiscal year ending March 31, 2027.

In addition to producing electric vehicle batteries, Panasonic also operates in the consumer electronics sector with products such as televisions, air conditioners and cameras. The development has revealed that the company is reshaping its global strategy.

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