43 Rumors | Blog | Panasonic to cut 35.000 (overseas) employees! From 43rumors. An announcement of the layoff of 35,000 people (9% of workforce) for Panasonic worldwide over the next two years. Difficult to say what kind of impact this will have on the camera division, but in the short term it probably will have some. Generally layoffs of this magnitude don't result in increased, ambitious and speculative product lines. 43 Rumors | Blog In what seemed a very positive statement from Olympus, there was mention of fast aperture m4/3 lenses, the continuation of 4/3, which was somewhat of a surprise and a rather interesting quote (Courtesy I gather from Google translate, so take with a pinch of salt)"Mr. Watanabe mentioned that Olympus is a camera manufacturer, unlike Sony and Panasonic who makes lots of consumer electronis products, so Oly products will be more like a real camera instead.(when being asked what he thinks of Oly EVILs might be more competitive than SONY or Pana etc. EVIL products)" There was an interesting speculation going around about Panasonic taking over the Olympus camera division. Well maybe that was the wrong way round.