Panasonic to slash 10,000 roles, reviewing efficiency of group companies

What’s going on at Panasonic?

Panasonic Holdings (Panasonic) is planning to eliminate approximately 10,000 roles as part of a nearly $900-million restructuring.

The electronics giant said in a statement on May 9 that half of the job cuts will affect its Japanese workforce.

In addition to scaling back its staffing levels, Panasonic announced in February that it was reviewing the operational efficiency of its group companies, particularly in sales and back-office divisions.

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• Nissan reportedly set to axe 10,000 jobs in latest round of cuts
• GM to temporarily cut jobs at Oshawa plant despite production reduction
• General Fusion cutting jobs following ‘transformative’ April milestone
• Tinder, Hinge parent Match Group to slash 13% of staff in 2025

Impact on Canadian staff

It remains unclear if Canadian employees at Panasonic will be let go.

According to LinkedIn, the company has more than 120 workers in the country.

Next steps for Panasonic employees

If you’re fired or let go from Panasonic, understanding your legal rights is crucial.

Non-unionized employees in Canada are entitled to severance pay. The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

WATCH: Employment lawyer Lior Samfiru delves into severance pay on an episode of the Employment Law Show.

Here’s what you need to know:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to two years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to ensure your severance package is fair and aligns with Canadian employment laws.

Major employers slashing staff

The workforce reduction at Panasonic comes amid a flurry of job cuts in 2025.

Other big names, including Meta, Expedia Group, Morningstar, Cenovus Energy, Intel, Infosys, Google, Alstom, Microsoft, S&S Activewear, Siemens, HPE, Wayfair, Canada Post, Workday, ADM, Amazon, and Shopify, have also pulled out the axe.

SEE ALSO
• Rennie cuts 25% of staff amid real estate downturn
• Estée Lauder reportedly cut all Canadian staff in Hudson’s Bay stores
• Canada’s immigration department slashing workforce by 25%
• Where are layoffs happening in Canada?

Lost your job? Contact us

If you’ve been fired or let go from Panasonic, the experienced employment law team at Samfiru Tumarkin LLP can help.

Our lawyers in Ontario, Alberta, and B.C. have helped tens of thousands of non-unionized individuals resolve their workplace issues.

Call us today at 1-855-821-5900 or request a consultation online.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.