I worked at Panasonic for seven years and that place is going downhill FAST! I've been out of there a little over a year, but still have strong contacts there. They are laying off workers again and have really reduced their headcount.
They "eliminate" positions and then make existing staff re-apply for this positions which are really their existing job with a different title. People that have been doing their job for years are suddenly not qualified and let go. Some get a few weeks notice, while others get no time.
Panasonic was my first job in a big corporation and they really made me appreciate my current job. Panasonic's idea of a professional work environment is nothing like it should be in the real world.
They love outsourcing everything there and I think they are finally realizing that it is better to do things in-house.
It was a great place to work, but now I would almost rather work at Mickey D's than work there again!