- Panasonic Holdings has announced plans to reduce its global workforce by 10,000 employees, about 4% of its total staff, to enhance operational efficiency.
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The layoffs will be evenly split between domestic (Japan) and international operations, focusing on sales and administrative departments.
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This move is part of a broader strategy to shift focus from legacy sectors to emerging areas like AI and EV battery production.AP NewsReuters+1AP News+1
👉 Why this matters: Panasonic’s restructuring reflects the broader industry trend of adapting to technological advancements and changing market demands, impacting global employment and innovation landscapes.
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