• Panasonic will cut 10,000 employees to streamline operations across global divisions.
• The company anticipates $896 million in restructuring costs this year.
• Operating profit for its battery unit is expected to rise by 39% amid increased sales.

Japan's Panasonic Holdings has announced plans to reduce its workforce by 10,000 positions as part of a strategy to enhance efficiency across its business operations. The reductions will be divided evenly between domestic and international locations, primarily affecting sales and back-office functions. This restructuring is expected to incur costs of approximately ¥130 billion ($896.06 million) during the current financial year, which ends in March 2026, according to Bangkok Post and Business Insider.

In addition to workforce reductions, Panasonic has projected a **39% increase** in operating profit for its electric vehicle battery unit, expecting to achieve **¥167 billion** ($1.15 billion) in profits for the year ending March 31, 2026. This forecast comes despite the unit falling short of its previous profit expectations of **¥124 billion**, where it recorded **¥120.2 billion** in the past fiscal year. The anticipated profit surge is attributed to rising demand in battery and energy storage systems, as noted by Channel News Asia and Reuters.

The restructuring and projected profit growth highlight Panasonic's focus on improving operational efficiency and profitability as it faces a dynamic market landscape. By optimizing its workforce and enhancing its product offerings, the company aims for a solid return on equity of **10% by March 2029** alongside a broader target of **¥600 billion** in adjusted operating profit by March 2027, according to Channel News Asia and Bangkok Post.