Articles by USNN World News

Sports

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

by USNN World NewsMay 10, 2025May 10, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by USNN World NewsMay 10, 2025May 10, 2025

Business

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

by USNN World NewsMay 10, 2025May 10, 2025

Healthcare

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

by USNN World NewsMay 10, 2025May 10, 2025

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

Katie Hobbs Lawyer Moves to Dismiss Kari Lake’s Lawsuit

By Jack Phillips Republican candidates for two of Arizona’s top offices had their initial hearings in election-related legal challenges Tuesday, setting the schedule for the ...

Senate Passes One-Week Spending Bill, Averting Government Shutdown

By Joseph Lord The U.S. Senate on Dec. 15 passed a one-week spending bill to keep the government open as negotiations over a larger spending bill for ...

Pennsylvania County to Recount 2020 Election Results in 2023

By Beth Brelje Persistent questions from voters and a petition with 5,000 signatures have convinced the Lycoming County Commissioners in Pennsylvania to recount its 2020 election results. Around the state, ...

GOP Lawmaker Demands Receipts From Big Tech on Alleged ‘Collusion’ With Biden White House to Censor Dissenting Views

By Bryan Jung A top House Republican is demanding receipts from five Big Tech firms for alleged “collusion” with the Biden administration to censor conservative and other dissenting ...

Documents Uncover Secret Twitter Portal US Government Used to Censor COVID-19 Content

By Patricia Tolson New documents reveal how the United States government used a secret Twitter portal to censor COVID-19 content that contradicted the government’s narrative. In ...

Elon Musk Threatens Legal Action Against Suspended User Tracking Jet

By Caden Pearson Elon Musk threatened legal action against the owner of a suspended Twitter account on Wednesday night for sharing live location updates of his plane after ...

Trump Files Defamation Suit Against Pulitzer Prize Board for Rewarding ‘Russia Collusion’ Coverage

By Samantha Flom Former President Donald Trump filed a defamation lawsuit against members of the Pulitzer Prize Board on Dec. 13 after the board declined to rescind the 2018 ...

US Consumers Falling Behind on Loans, With Credit Card Payments to Reach 13-Year High in 2023: Report

By Katabella Roberts American consumers are expected to fall behind on their personal loan and credit card payments next year at the highest rate in over 10 years, consumer credit reporting agency ...

Senate Unanimously Passes Bill to Ban TikTok on All Government Devices Amid National Security Concerns

By Katabella Roberts The U.S. Senate on Wednesday voted unanimously to pass legislation that would ban the use of the video-sharing app TikTok on government phones and devices ...

House GOP Leaders Denounce Democrats ‘Jamming America’ With Last-Minute Omnibus Spending Package

By Mark Tapscott House Republican leaders condemned on Wednesday the failure of Democrats who controlled both chambers of Congress and the White House for waiting ...

Judge Rules Gascón Recall Group Can Examine Some Rejected Signatures

By Jamie Joseph A judge ruled last week Los Angeles County election officials must allow organizers behind the effort to recall Los Angeles District Attorney George Gascón ...

Mike Lindell Officially Announces Bid for RNC Chair

By Caden Pearson MyPillow CEO Mike Lindell repeated his claims that the GOP has lost the trust of its supporters and donors while announcing the launch of ...