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Core Viewpoint - Panasonic plans to lay off 10,000 employees globally as part of its initiative to enhance productivity and streamline operations, affecting both domestic and international staff [2][3]. Group 1: Layoff Details - The layoffs will primarily occur in the fiscal year ending in March and will comply with labor laws and regulations in each country [3]. - The company aims to optimize its workforce by reducing 5,000 employees in Japan and 5,000 overseas, which represents approximately 4% of its total workforce of nearly 230,000 [2][3]. Group 2: Business Strategy - Panasonic's restructuring plan includes a focus on improving operational efficiency, particularly in sales and indirect departments, and reassessing the necessary organizational structure [2]. - The company has set new financial targets, aiming for an adjusted operating profit of over 300 billion yen in the fiscal year 2024 and 750 billion yen by the fiscal year 2028 [3]. - Panasonic will categorize underperforming and uncertain growth businesses, such as televisions, kitchen appliances, industrial motors, and automotive components, as "problematic businesses" [3]. - If restructuring these businesses proves challenging, Panasonic plans to decide on divesting or exiting these sectors by the fiscal year 2025, with implementation by the fiscal year 2026 [3].