Articles by USNN World News

World

India and Pakistan Agree to US-Mediated Cease-Fire

by USNN World NewsMay 10, 2025June 6, 2025

World

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

by USNN World NewsMay 10, 2025May 10, 2025

Immigration

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

by USNN World NewsMay 10, 2025May 10, 2025

Sports

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

by USNN World NewsMay 9, 2025May 9, 2025

National News

US Could Hit Debt Limit in August, Bessent Says

by 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.”

Economy

Panasonic Announces 10,000 Layoffs Worldwide

by USNN World NewsMay 9, 2025May 9, 2025

National News

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

by USNN World NewsMay 9, 2025August 20, 2025

National News

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

by USNN World NewsMay 9, 2025August 19, 2025

Sports

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

by USNN World NewsMay 8, 2025May 8, 2025

World

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

by USNN World NewsMay 8, 2025May 8, 2025

Economy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

by USNN World NewsMay 8, 2025May 12, 2025

NATIONAL NEWS

Georgia Senate Votes to Investigate Fulton County DA Fani Willis

By Tom Ozimek The Georgia State Senate has approved legislation that paves the way for an investigation into Fulton County District Attorney Fani Willis, who ...

Americans Flee New York and California in Droves Seeking Affordability, Quality of Life

By Mary Prenon Fed up with skyrocketing rents and home prices, high crime, a continual influx of migrants, and other quality-of-life issues, New Yorkers and Californians ...

Government Suppressed, Censored Concerns Over Mail-In Voting in 2020: Documents

By Austin Alonzo Newly released documents allege that the Cybersecurity and Infrastructure Security Agency (CISA) knew it was wrong to censor concerns about the security ...

Arizona GOP Chairman Resigns Amid Kari Lake Bribery Allegations

By Jack Phillips The chairman of the Arizona Republican Party said he resigned from his role on Jan. 23 after a recording of him was ...

Trump Defeats Haley in New Hampshire Primary

By Janice Hisle NASHUA, N.H.–President Donald Trump defeated former U.S. Ambassador to the U.N. Nikki Haley in the New Hampshire Republican primary election on Jan. ...

Davos Elites See Potential Return of Trump as Threat to Global Order

By Emel Akan A major news item from across the Atlantic stole the spotlight at this year’s annual summit in Davos, Switzerland, where the world’s ...

DeSantis Drops Out of Presidential Race, Endorses Trump

By Austin Alonzo Florida Gov. Ron DeSantis has ended his campaign for the Republican Party’s 2024 presidential nomination. On Jan. 21, in a 4 1/2 minute ...

‘Election Interference’: Rep. Stefanik Files Complaint Against Judge After Trump Gag Order Appeal Dismissed

By Naveen Athrappully Rep. Elise Stefanik (R-N.Y.) filed a judicial complaint against the judge overseeing former President Donald Trump’s civil fraud case, accusing him of ...

CISA Directs Federal Agencies to Mitigate Ivanti Software Vulnerabilities

By Aldgra Fredly The Cybersecurity and Infrastructure Security Agency (CISA) issued an emergency directive on Friday urging agencies to mitigate vulnerabilities in Ivanti Connect Secure ...

RFK Sees Path to Victory by Forcing House to Elect President

By Jeff Louderback To win the 2024 election as an independent, Robert F. Kennedy Jr. is firstly hoping for an outright win, but the second ...

179 Congressional Republicans Urge Supreme Court to Keep Trump on Ballot

By Catherine Yang Sen. Ted Cruz (R-Texas) and House Majority Leader Steve Scalise (R-La.) were joined by 177 other members of Congress, including high-ranking Republicans ...

Trump Lawyers Target Records Between White House and Fani Willis Prosecutor

By Jack Phillips Former President Donald Trump filed court papers demanding records that may show coordination between prosecutors in Georgia and the Biden administration. On Tuesday, ...