Toshiba is cutting 5,000 jobs, which is about 10% of its Japanese workforce. This significant move follows the company's delisting from the stock market and is part of a strategic partnership with Japan Industrial Partners (JIP) to focus on growth sectors like digital technology and infrastructure. The layoffs aim to: Drive corporate restructuring and focus on high-growth areas. Improve profitability by merging business units and cutting excess staff. Avoid financial instability after past challenges with financial misreporting. These changes are steps toward Toshiba's planned IPO in five years, hoping to revitalize the company for a stronger future.