Japanese Hardware Layoffs Continue: Panasonic To Cut 10K More Workers In The Next 5 Months

Panasonic Corporation of North America (PNA), based in Secaucus, NJ, is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation (NYSE: PC) and the hub of its branding, marketing, sales, service, product development and R&D operations in the U.S. and Canada. For nearly 50 years, Panasonic has delighted American consumers with innovations for the home and business. Panasonic’s consumer electronics and technology products range from award-winning VIERA High Definition Plasma and LCD TVs and LUMIX Digital Cameras to ruggedized...

The 10,000 cuts come on the heels of 36,000 layoffs at Panasonic last year. Several other Japanese consumer electronics giants have also faced mass layoffs. These include 11,000 workers reportedly getting the chop at Sharp (made public in September), and Sony announcing redundancies of a further 2,800 workers in October, part of its plan to cut 10,000 in total.

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