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

Judge Sets New Date for Trump Trial After Former President’s Request for Extensive Delay

By Zachary Stieber Former President Donald Trump’s federal criminal trial has been delayed into 2024, but is still slated to take place before voters vote ...

Jim Caviezel Says Trump Is the ‘New Moses’ While Promoting New Film

By Catherine Yang “Sound of Freedom” actor Jim Caviezel went on Fox and Friends Thursday to promote his new film, praising former President Donald Trump ...

FBI Told Twitter Hunter Biden Laptop Was Authentic After New York Post Story Broke: Testimony

By Tom Ozimek The House Judiciary Committee said it was told in recent testimony by an upper-level FBI employee that an agent confirmed to a ...

Senate Rejects NDAA Amendment Limiting US Ability to Join NATO Wars

By Ryan Morgan The Senate voted on Wednesday against an amendment that states that the United States cannot be drawn into a conflict through NATO’s ...

RFK Jr. Responds to Democrat Attacks at Weaponization Hearing

By Joseph Lord Robert F. Kennedy Jr. responded to attacks from Democrats during a July 20 hearing of the House Select Subcommittee on the Weaponization ...

Opposition Grows to Biden Admin’s Climate Crackdown on Dishwashers

By Tom Ozimek A coalition of over a dozen industry and consumer groups has issued a scathing criticism of the Biden administration’s proposed regulatory crackdown ...

McCarthy Calls Out ‘Weaponization of Government’ Following Charges on Trump Electors

By Jackson Richman and Savannah Hulsey Pointer House Speaker Kevin McCarthy (R-Calif.) told The Epoch Times on July 19 that his party plans to probe the ...

GOP Report Accuses DHS Secretary of ‘Actively’ Encouraging ‘Mass Illegal Immigration’

By Caden Pearson Republicans on the House Homeland Security Committee released a scathing report on Wednesday evening accusing DHS Secretary Alejandro Mayorkas of intentional “dereliction ...

IRS Whistleblower Offers to Disclose Additional Hunter Biden WhatsApp Messages to Congress

By Joseph Lord During a July 19 hearing of the House Committee on Oversight and Accountability, IRS whistleblower Joseph Ziegler said that there were WhatsApp ...

New Hampshire Gov. Chris Sununu Says He Will Not Run for Reelection

By Bill Pan New Hampshire Gov. Chris Sununu, who is serving his fourth term in office, has confirmed that he will not run for a ...

Judge Set to Issue Trial Date in Trump’s Classified-Records Case

By Janice Hisle A federal judge soon must make at least two key decisions that will set the stage for the historic Florida classified documents ...

House Republicans Reject Democratic Pressure to Disinvite RFK Jr. From Testifying on Censorship

By Ryan Morgan Republicans on the House Select Subcommittee on the Weaponization of the Federal Government are moving ahead with plans to hear testimony from ...