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

Hunter Biden Tax Charges Dropped by Delaware Judge

By Katabella Roberts A federal judge in Delaware dismissed misdemeanor tax charges against Hunter Biden on Aug. 17 in a move that was widely expected ...

Former AG Barr Says Trump’s Georgia Indictment ‘Too Broad,’ Likely Not Triable Before 2024 Election

By Katabella Roberts Former Attorney General William Barr believes the Georgia election indictment of former President Donald Trump and 18 co-defendants is “too broad” and ...

Top Republican Seeks Records of Biden’s Use of Pseudonym While VP

By Zachary Stieber A top Republican is demanding records from the U.S. National Archives and Records Administration after learning President Joe Biden used a pseudonym ...

Georgia Senator Demands Special Session to Investigate, Possibly Impeach Fani Willis

By Tom Ozimek Georgia Republican state Sen. Colton Moore is demanding a special emergency legislative session to investigate the actions of Fulton County District Attorney ...

Judge Orders Sealed Hearing for Protective Order in Trump Classified Documents Case

By Catherine Yang U.S. District Judge Aileen Cannon canceled a scheduled Aug. 25 hearing and ordered a sealed hearing on a request for a protective ...

One Organization’s Efforts May Have Tipped 2020 Election to Democrats, Report Says

By Nathan Worcester A new report from the Capital Research Center has shed light on the Everybody Votes campaign, also known as the Voter Registration ...

What We Know About Fani Willis, the Prosecutor Leading the Georgia Election Case Against Donald Trump

By Katabella Roberts Former President Donald Trump was indicted for the fourth time this year on Aug. 14, this time as part of Fulton County ...

US Will ‘No Longer Be a Constitutional Republic’ If Trump Sentenced in Georgia Case, Spokeswoman Warns

By Katabella Roberts and Joshua Philipp The United States will “no longer be a constitutional republic” and will become politically unstable if former President Donald Trump is ...

Retirees Could See $17,400 Reduction in Benefits by 2033: Analysis

By Naveen Athrappully The average retired couple could see their Social Security benefits reduced by $17,400 in 2033 as funding for the program diminishes over ...

Twitter Gave Special Counsel Trump’s Deleted Messages, Location Data: Documents

By Zachary Stieber Twitter has handed over a voluminous set of data from former President Donald Trump’s account to special counsel Jack Smith, newly unsealed ...

Trump to Unveil ‘Irrefutable Report’ on Georgia Election Fraud on Monday

By Janice Hisle Former President Donald Trump promises to unveil a “conclusive” report proving election fraud in Georgia. He is announcing the report as a counter-strike ...

Judge to Hold Emergency Hearing on RFK Jr.’s Google Censorship Lawsuit

By Jeff Louderback Two weeks after he filed a lawsuit against YouTube and its parent company Google over allegations they engaged in a “censorship campaign” ...