Panasonic is cutting 10,000 jobs in a bid to boost efficiency

Panasonic is reducing its workforce by 10,000.

Tomohiro Ohsumi/Getty Images

• Panasonic said on Friday it planned to cut 10,000 jobs this financial year.
• The Japanese company said in a statement that the measures were aimed at boosting its efficiency.
• The reductions will amount to about 4% of Panasonic's global workforce.

Panasonic will slash its workforce by 10,000 roles in an effort to boost efficiency.

The Japanese electronics manufacturer, which supplies...