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Real News, Real Time

Andre Agassi Wins His Professional Pickleball Debut With Partner Anna Leigh Waters
Posted inSports

Andre Agassi Wins His Professional Pickleball Debut With Partner Anna Leigh Waters

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty
Posted inEconomy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case
Posted inBusiness

Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring
Posted inHealthcare

FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
India and Pakistan Agree to US-Mediated Cease-Fire
Posted inWorld

India and Pakistan Agree to US-Mediated Cease-Fire

USNN World Newsby USNN World NewsMay 10, 2025June 6, 2025
Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal
Posted inWorld

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

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities
Posted inImmigration

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

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’
Posted inSports

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

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker
Posted inSports

Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
US Could Hit Debt Limit in August, Bessent Says
Posted inNational News

US Could Hit Debt Limit in August, Bessent Says

USNN World Newsby 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.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center
Posted inNational News

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

USNN World Newsby USNN World NewsMay 9, 2025August 20, 2025

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NATIONAL NEWS

  • Arizona Supreme Court Agrees to ‘Expedite’ Kari Lake LawsuitArizona Supreme Court Agrees to ‘Expedite’ Kari Lake Lawsuit
    By Jack Phillips The Arizona Supreme Court agreed to expedite a hearing for Republican Arizona candidate Kari Lake’s election lawsuit after two lower state courts ...
  • IRS Warns of New Tax Scam That Tempts Innocent Taxpayers Into Becoming CriminalsIRS Warns of New Tax Scam That Tempts Innocent Taxpayers Into Becoming Criminals
    By Tom Ozimek The Internal Revenue Service (IRS) has issued a warning to taxpayers to be on guard for a new scam that promises huge ...
  • Trump Promises ‘Quantum Leap’ for a New AmericaTrump Promises ‘Quantum Leap’ for a New America
    By Naveen Athrappully Former President Donald Trump has revealed his dream for a new America ahead of the 2024 presidential race, promising to bring back ...
  • Another Train Derails in Springfield; No Hazardous Materials Spilled: Ohio EPAAnother Train Derails in Springfield; No Hazardous Materials Spilled: Ohio EPA
    By Mimi Nguyen Ly A Norfolk Southern train derailed in Springfield, Ohio, on Saturday. The Clark County Emergency Management Agency asked residents within 1,000 feet of the ...
  • Private Jet Passenger Killed in Severe Turbulence Over New EnglandPrivate Jet Passenger Killed in Severe Turbulence Over New England
    By Allen Zhong A passenger on a private jet was killed after the airplane encountered severe turbulence over New England. The Bombardier Challenger 300 airplane was ...
  • IRS Warns Taxpayers of Consequences for Failure to Meet Certain Tax ObligationsIRS Warns Taxpayers of Consequences for Failure to Meet Certain Tax Obligations
    By Jack Phillips The Internal Revenue Service (IRS) this week issued a notice to “gig economy” service workers and those who receive a foreign source ...
  • Arizona Governor Won’t Proceed With Execution of Convicted MurdererArizona Governor Won’t Proceed With Execution of Convicted Murderer
    By Zachary Stieber The governor of Arizona on March 3 said an execution of a convicted murderer will not take place, despite an order from ...
  • Half a Million Dollars of Stolen Goods Recovered in Orange County and LAHalf a Million Dollars of Stolen Goods Recovered in Orange County and LA
    By Rudy Blalock The California Highway Patrol (CHP) Border Division continues to crack down on organized retail theft after uncovering an organized group of thieves ...
  • Feinstein, Fetterman Hospitalizations May Mean Trouble for DemocratsFeinstein, Fetterman Hospitalizations May Mean Trouble for Democrats
    By Jack Phillips Senate Democrats have little room for error after Sen. Dianne Feinstein (D-Calif.) announced she was hospitalized with shingles on Thursday and amid ...
  • Flynn Sues DOJ, FBI for Malicious Prosecution, Wants $50 MillionFlynn Sues DOJ, FBI for Malicious Prosecution, Wants $50 Million
    By Petr Svab Retired Lt. Gen. Michael Flynn, former national security adviser to President Donald Trump, has filed a lawsuit against the Department of Justice ...
  • Discover Credit Cards Will Track Gun Purchases From AprilDiscover Credit Cards Will Track Gun Purchases From April
    By Naveen Athrappully Credit card provider Discover Financial Services will soon allow its network to track purchases made using payment cards at gun stores—triggering criticism ...
  • House Republican Calls for Congress to Cut Millions From Federal Intel, Law Enforcement Agency BudgetsHouse Republican Calls for Congress to Cut Millions From Federal Intel, Law Enforcement Agency Budgets
    By Joseph Lord Rep. Harriet Hageman (R-Wyo.) on March 2 called on her party to cut tens or hundreds of millions of dollars in funding ...
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