 In 2020, Panasonic exited the vending machine business, as it failed to achieve profitability, lagging behind rivals Fuji Electric, Sanden and Glory.In June 2020 Panasonic entered the true wireless personal headphone market, with the RZ-S500W featuring active noise cancelling, and the compact RZ-S300W with long lasting battery.As of March 31, 2012, Panasonic employed about 330,000 staff and had around 580 subsidiary companies.