Toshiba Plans To Cut 5,000 Jobs In Japan

Toshiba Corp. is reportedly intending to trim its workforce in Japan by 5,000 employees, equating to roughly 10 per cent of its total headcount, as per a Nikkei report. This proposed move signifies a departure from Japan's historical reluctance to layoffs, indicating a shift in mindset amid ongoing labor shortages in the country.

If realised, this measure would represent one of the largest workforce reduction efforts in Japan this year. The Tokyo-based company aims to streamline its operations by downsising noncore businesses. Consequently, Toshiba expects to face a one-time cost of approximately ¥100 billion (₹5,400 crore), according to the report.