Tesla Supplier Panasonic To Slash 10,000 Jobs, Take $895 Million Hit

Panasonic Holdings Corp (OTC:PCRFF) expects to book 130 billion Japanese Yen ($895 million) in restructuring charges for fiscal 2026 as it intensifies its focus on its core competencies. In the current fiscal year, the company plans to downsize its employee strength by 10,000, including 5,000 …