In a bid to enhance profitability, Panasonic Holdings Corp. announces plans to lay off 10,000 employees, including 5,000 in Japan and 5,000 abroad. The company anticipates significant restructuring charges as it shifts focus.
The Trump administration is pushing a major overhaul in federal operations, implementing large-scale layoffs and reorganizations to downsize the workforce. Federal workers face uncertainty and anxiety amid ongoing restructuring efforts.
HSBC is making strategic shifts in its business operations, focusing on Asian markets while restructuring globally. Amid pressure to enhance profitability and navigate geopolitical challenges, the bank aims to streamline operations and boost returns.
OPM has advised federal agencies to terminate probationary employees as part of government restructuring efforts, with some exceptions allowed. Find out more about the latest developments in this evolving situation.
