Fujitsu's slash-and burn-restructuring is set to net the company more than $1.05bn in extra cash.
Japan's largest computer manufacturer was badly hit by the crash in the global semiconductor industry and is expected to post a group operating loss of Y75bn for the current financial year.
But analysts believe Fujitsu could return to profit in the next financial year because it made over 22,000 workers redundant.
More than 16,000 of the job losses occurred overseas, and 6,000 jobs were cut in Japan through natural attrition and early retirement.
The company also included plant closures and a general slimming down of operations.
Analysts are predicting the company will make a Y100bn profit in the next financial year, although Fujitsu has declined to comment.
Connexin drops out of Ofcom auction due to start next week
SwiftKey users now send two billion emoji every week
Recruitment plans are 'most ambitious ever', claims Openreach HR director Kevin Brady
Samsung's under-the-hood improvements separate the S9 from the pack when it comes to the display