The Japanese corporation Toshiba plans to lay off about 4,000 employees in order to reduce costs and stabilize the company after a turbulent period, reported ag. Kyodo.
According to the agency, the layoffs will mainly affect employees from non-production departments who have reached the age of 50. It is noted that the company also plans to integrate four subsidiaries into the parent company.
Optimization efforts are part of Toshiba's strategy, which the company has developed since its December 2023 delisting.