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Real News, Real Time

India and Pakistan Agree to US-Mediated Cease-Fire
Posted inWorld

India and Pakistan Agree to US-Mediated Cease-Fire

USNN World Newsby USNN World NewsMay 10, 2025June 6, 2025
Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal
Posted inWorld

Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities
Posted inImmigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’
Posted inSports

Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker
Posted inSports

Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
US Could Hit Debt Limit in August, Bessent Says
Posted inNational News

US Could Hit Debt Limit in August, Bessent Says

USNN World Newsby USNN World NewsMay 9, 2025October 25, 2025
Japanese electronics manufacturer Panasonic plans to terminate 10,000 workers globally as part of a reform to resolve “structural issues,” the company said in a May 9 statement. The layoffs target 5,000 Japanese employees and 5,000 overseas workers at Panasonic’s consolidated companies. Job cuts are set to be implemented mainly in fiscal year 2026, “in accordance with the labor laws, rules, and regulations of each country and region.” “The company will thoroughly review operational efficiency at each Group company, mainly in sales and indirect departments, and reevaluate the number of organizations and personnel actually needed,” said the statement. Story continues below advertisement Panasonic will also terminate loss-making businesses that have “no prospect of improving profit.” “Through these measures, the company will optimize our personnel on a global scale,” it said. The layoffs are part of Panasonic’s broader management reform. The company is banking on these measures in fiscal 2026 to “resolve its various structural issues.” Related Stories Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs 5/8/2025 Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report 5/1/2025 Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report The management reform seeks to improve profit by a minimum of 150 billion yen—roughly $1 billion—in fiscal year 2027 compared to fiscal 2025. For the current fiscal year 2026, Panasonic expects structural reforms to cost the company 130 billion yen, approximately $900 million. In an April 10 statement, Yuki Kusumi, the CEO of Panasonic Group, highlighted the need to change the organizational culture in the company. “There is a deep-rooted tendency toward following the established framework once a decision has been made. If we are going to improve the efficiency and quality of our work, then we must become an organization that is constantly changing, with each individual taking the initiative to make changes,” he said. “I believe we need to advance to the stage where change is considered a virtue. To achieve this, it is extremely important that we avoid being constrained by deeply ingrained behaviors.” The layoff announcement came on May 9 as Panasonic reported its consolidated financial results for fiscal year 2025, which ended on March 31. Story continues below advertisement Sales were at 8,458.2 billion yen, approximately $58 billion, down 0.5 percent from a year ago, which was partly due to the impact of deconsolidation in the company’s automotive segment, said the earnings report. Operating profit jumped 18 percent year-over-year, partly due to higher sales. According to Panasonic, the global economy experienced a gradual slowdown during the fiscal year ending March 31. For fiscal year 2026, net sales are expected to decrease, with operating profit also forecast to fall. Potential impacts of tariffs from the United States were not included in the forecast. “The company continues to monitor the tariff situation and aims to minimize the resulting impact by taking measures from both short-term and medium- to long-term perspectives,” Panasonic said. In January, Panasonic Well, a division of the company, announced a plan to create “the first comprehensive wellness ecosystem” for families. “Families are at their breaking point as chronic stress, disconnection, and fragmented wellness solutions are taking a toll, and the call for help is loud and clear,” the company said. Panasonic’s wellness solution is expected to aid families in dealing with wellness issues and “help modern families thrive.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center
Posted inNational News

DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center

USNN World Newsby USNN World NewsMay 9, 2025August 20, 2025
FEMA Confirms Acting Administrator Hamilton Has Been Replaced
Posted inNational News

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

USNN World Newsby USNN World NewsMay 9, 2025August 19, 2025
Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming
Posted inSports

Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions
Posted inWorld

Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April
Posted inEconomy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

USNN World Newsby USNN World NewsMay 8, 2025May 12, 2025

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NATIONAL NEWS

  • Donald Trump Leads Joe Biden in 2023 Fundraising: FilingsDonald Trump Leads Joe Biden in 2023 Fundraising: Filings
    By Austin Alonzo Former President Donald Trump and his main allied political action committee raked in about $10 million more in campaign contributions than President ...
  • House Passes Bipartisan $78 Billion Tax Relief BillHouse Passes Bipartisan $78 Billion Tax Relief Bill
    By Jackson Richman The House passed a bill on Jan. 31 aimed at providing tax relief for families with children and for small businesses. The final ...
  • DA Fani Willis Countersued in Trump Case, Subpoenaed to Testify About ‘Improper’ Spending, RelationshipDA Fani Willis Countersued in Trump Case, Subpoenaed to Testify About ‘Improper’ Spending, Relationship
    By Catherine Yang An attorney representing one of the defendants in the high-profile election racketeering case, which Fulton County District Attorney Fani Willis is prosecuting, ...
  • Speaker Johnson Sounds Alarm Over Border Crisis in First House Floor SpeechSpeaker Johnson Sounds Alarm Over Border Crisis in First House Floor Speech
    By Jackson Richman Nearly 100 days after being unanimously elected House Speaker, Mike Johnson (R-La.) used the occasion of his first speech on the House ...
  • RFK Jr. Signals Potential Presidential Run as a LibertarianRFK Jr. Signals Potential Presidential Run as a Libertarian
    By Jeff Louderback While his effort to get on the ballot in all 50 states and the District of Columbia as an independent continues, Robert ...
  • Ex-IRS Contractor Who Leaked Trump’s Tax Returns Sentenced to 5 Years in PrisonEx-IRS Contractor Who Leaked Trump’s Tax Returns Sentenced to 5 Years in Prison
    By Sam Dorman and Caden Pearson WASHINGTON—A former contractor for the IRS was sentenced to five years in prison on Jan. 29 for leaking tax ...
  • First US Soldiers Killed Since Gaza War Started, Pentagon AnnouncesFirst US Soldiers Killed Since Gaza War Started, Pentagon Announces
    By Jack Phillips Three American servicemembers were killed early on Jan. 28 in a drone attack on a small U.S. base in Jordan, the Biden ...
  • Arizona GOP Selects New Chair After Attempted Kari Lake Bribery ScandalArizona GOP Selects New Chair After Attempted Kari Lake Bribery Scandal
    By Naveen Athrappully The Arizona Republican Party selected a new Trump-supported chair on Jan. 27 after the former chair resigned following a bribery controversy. “We proudly ...
  • Elon Musk Critical of Biden’s Push for Border Deal: ‘No Laws Need to Be Passed’Elon Musk Critical of Biden’s Push for Border Deal: ‘No Laws Need to Be Passed’
    By Tom Ozimek President Joe Biden’s call for a bipartisan Senate deal to tackle the border crisis drew criticism from Tesla CEO Elon Musk, who ...
  • Hunter Biden Partner Says Payments From China Were Delayed Until Joe Biden Left OfficeHunter Biden Partner Says Payments From China Were Delayed Until Joe Biden Left Office
    By Zachary Stieber A former partner of President Joe Biden’s son has told members of Congress that members of the Biden family were not paid ...
  • Inside the Brewing Fed–State Showdown at the Texas BorderInside the Brewing Fed–State Showdown at the Texas Border
    By Darlene McCormick Sanchez EAGLE PASS, Texas—A humble city park on the Texas side of the Mexican border has taken the national stage in a ...
  • RFK Jr. Campaign Collects Enough Signatures to Get on New Hampshire BallotRFK Jr. Campaign Collects Enough Signatures to Get on New Hampshire Ballot
    By Jeff Louderback As President Joe Biden learned he had won the New Hampshire Democrat primary as a write-in candidate, independent presidential candidate Robert F. ...
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