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

Republicans Tout $200,000 Direct Payment to Joe Biden as Possible Evidence of Wrongdoing

By Tom Ozimek Rep. James Comer (R-Ky.), chair of the House Oversight Committee, has released evidence of a questionable direct payment to President Joe Biden ...

Ramaswamy Accuses GOP of Silencing Debate on Israel

By Nathan Worcester In recent appearances on X, formerly Twitter, Vivek Ramaswamy questioned what he characterized as a stifling hostility to debate among Republicans on ...

Massachusetts’s New Crackdown Bill Imposes ‘Unprecedented Gun Control’

By Naveen Athrappully Massachusetts House lawmakers approved a measure on Oct. 18 that would tighten the state’s firearm laws and crack down on unregistered “ghost ...

World’s Electric Grids Incapable of Supporting Renewable Energy Goals: Agency

By Naveen Athrappully Electricity grid capacity available in the world isn’t keeping pace with the rapid growth of “clean energy” technologies, possibly putting governments’ climate ...

Jordan Loses Speaker Bid on Second Try

By Jackson Richman and Emel Akan Rep. Jim Jordan (R-Ohio) will try on Oct. 18 for a second time to become second in line to ...

Sen. Ted Cruz Says RFK Jr. Needs Secret Service Protection, Questions DHS Denial

By Naveen Athrappully Sen. Ted Cruz (R-Texas) sent a letter to Department of Homeland Security (DHS) Secretary Alejandro Mayorkas on Monday, questioning why the agency ...

Major Donor Stops Donations to UPenn Over Its Response to Hamas Attacks on Israel

By Samantha Flom Former U.S. Ambassador and Utah Gov. Jon Huntsman, a longtime donor to the University of Pennsylvania, notified his alma mater on Oct. ...

New York Delivers Major Blow to Green Energy Development

By Jack Phillips New York’s state government rejected requests from offshore wind energy developers who asked to re-negotiate contracts amid elevated inflation and rising costs. The ...

Momentum Swings in Jordan’s Favor as Holdouts Flip Ahead of Speaker Vote

By Joseph Lord and Jackson Richman It has been almost two weeks without a speaker of the House but that soon could end with Rep. ...

Trump Sues Ex-British Spy Christopher Steele Over Dossier Allegations

By Savannah Hulsey Pointer A lawyer for former President Donald Trump told a London judge that his client intends to prove that a report written ...

Mike Pence’s 2024 Campaign Is Six Figures in Debt

By Jack Phillips Former Vice President Mike Pence’s campaign reported a debt of more than $600,000, according to a recent federal filing, coming as his ...

Judge Prohibits Trump From Speaking Out Against Prosecutors, Others

By Sam Dorman and Catherine Yang WASHINGTON—Judge Tanya Chutkan, presiding over the case against former President Donald Trump for allegedly interfering in the 2020 presidential ...