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Japan Display Cuts 1,500 Jobs Amid $539M Loss

5/16/2025

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Summary

Story summary

Japan Display Inc. (JDI) faces a grim future as it slashes 1,500 jobs, more than half of its workforce, amid staggering losses. With a staggering net loss of ¥78.2 billion ($538.7 million) for fiscal 2024, the company’s CEO, Scott Callon, will step down, and LCD production at the Mobara plant will cease by March 2026.

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Story summary

Japan Display Inc. (JDI) faces a grim future as it slashes 1,500 jobs, more than half of its workforce, amid staggering losses. With a staggering net loss of ¥78.2 billion ($538.7 million) for fiscal 2024, the company’s CEO, Scott Callon, will step down, and LCD production at the Mobara plant will cease by March 2026.