Panasonic to Cut 10,000 Jobs
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Panasonictorontosun
•Technology
Technology
Japanese tech company Panasonic slashes 10,000 people as profits falter

77% Informative
Panasonic will slash its global workforce by 10,000 people, half in Japan and half overseas.
The job cuts, amounting to about 4% of its 230,000 workers, will include early retirement offers in Japan .
Panasonic reported a 17.5% drop in profit for the fiscal year through March at 366 billion yen ( $2.5 billion ), down from 443 billion yen in previous fiscal year .
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