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

Election Offices Across US Get Voter Envelopes Laced With Fentanyl: Officials

By Jack Phillips Suspicious letters have been reported at election offices in multiple states this week, and officials said that fentanyl was found in several ...

US Military Aircraft Crashes Over Eastern Mediterranean, 5 Crew Members Killed

By Melanie Sun Five U.S. servicemen were killed when a military aircraft crashed over the eastern Mediterranean Sea during a training mission, U.S. European Command ...

Speaker Mike Johnson Unveils Plan to Avert Government Shutdown

By Tom Ozimek House Speaker Mike Johnson (R-La.) has unveiled a unique “laddered” stopgap funding plan to avert the looming government shutdown. Mr. Johnson’s proposed measure is in ...

Trump Asks Court to Televise Federal Trial

By Zachary Stieber Former President Donald Trump wants his upcoming federal trial televised, siding with media outlets. The U.S. Department of Justice (DOJ) opposes the effort. Lawyers ...

Trump Fraud Trial Heralds ‘Selective Prosecution,’ Not Anti-Business Crackdown, Experts Say

By Michael Washburn When New York Attorney General Letitia James’s civil fraud proceedings against former president and 2024 candidate Donald J. Trump resume on Monday, ...

NH Secretary of State Due to Announce Date for New Hampshire Primary

By Alice Giordano The New Hampshire secretary of state will announce the new date of the state’s presidential primary in four days at an upcoming ...

50 Percent of Countries Pose Heightened Risk for Americans

By Jack Phillips The U.S. State Department on Thursday issued another “worldwide caution” alert for American citizens as about 50 percent of countries worldwide are ...

Republicans Grapple With Funding Bill Plan Amid Looming Shutdown

By Savannah Hulsey Pointer and Joseph Lord Congress is once again debating a continuing resolution (CR), an interim measure designed to sustain government operations until ...

EVs Driven Far Less Than Gas-Powered Cars, Suggesting Overhyped Benefits of EV Push

By Tom Ozimek A new study shows that electric vehicles (EV) are being driven much less than than their gas-powered counterparts, suggesting that the claimed ...

Hunter Biden’s Art Dealer Subpoenaed as Investigation Widens

By Zachary Stieber The House of Representatives issued fresh subpoenas on Nov. 9 as it widens its probe of the finances of President Joe Biden ...

Several Senior Democrats Call for Biden to Drop out of 2024 Presidential Race

By Thomas Manning A growing number of prominent Democrats are calling on President Joe Biden to drop out of the 2024 race amid an ongoing ...

Upstart Republican Beats Establishment Democrat in New Hampshire Election

By Tom Ozimek A Republican candidate has beaten his Democrat rival for mayor of New Hampshire’s biggest city, Manchester, despite the odds stacked against the ...