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It’s rare for CEOs in corporates to take a pay cut amidst restructuring plans. But rarity and corporate Japan are synonymous when it comes to bold steps. Panasonic Holdings Corp. CEO Yuki Kusumi has taken a 40% pay cut, reducing his total compensation from ¥259 million ($1.79 million) as the company moves forward with a robust restructuring plan. The announcement comes alongside Panasonic job cuts in 2025, as the tech giant slashes 10,000 jobs worldwide. This marks a 4% of its 230,000-strong workforce. The question remains if Panasonic layoffs would lead to a boost in profitability in the lo
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