Panasonic Holdings has unveiled plans to lay off approximately 10,000 employees, split evenly between Japan and overseas, as part of structural reforms to improve profitability. The reductions, targeting departments such as home appliances, are scheduled for fiscal year 2025 (April 2025 to March 2026). The company’s energy division, focused on electric vehicle (EV) batteries, will be spared due to strong demand, particularly from Tesla.