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

Democrats’ IRS Snooping Scheme Removed After Bipartisan Criticism

By Joseph Lord Congressional leadership has cut a controversial program from their new budget bill that would have allowed the IRS to gain unprecedented information from Americans’ ...

Judge Blocks Biden Admin From Firing Unvaccinated Employees With Pending Religious Exemptions

By Jack Phillips A district court judge in Washington, D.C. issued a temporary injunction Thursday that bars both civilian and military plaintiffs from being fired after they filed ...

Trust of US media in ‘free fall,’ lowest in world

By Paul Bedard, Washington Secrets Columnist The public’s trust in news outlets is among the lowest in the free world, a trend that has spiraled ...

Cuomo to be arrested, appear in court for forcible touching charge: Sheriff

By Carl Roman, Associate News Editor Former New York Gov. Andrew Cuomo will be arrested and appear in court next month in connection to a charge of ...

Hill Republicans Push Vaccine Exemptions as Mandate Protests Mount

By Mark Tapscott Congressional Republicans are pushing proposals to exempt millions of American workers who object to President Joe Biden’s mandatory CCP virus vaccination orders and similar ...

The Destruction of U.S. Medical Care: Mayo Clinic to Lose 8000 Employees who Refuse the COVID-19 Shot

By Brian Shilhavy, Editor Health Impact News In another sign that the medical system in the United States is self-destructing due to COVID-19 vaccines and ...

Democrats Unveil Plan to Tax Unrealized Capital Gains

By Joseph Lord Senate Democrats plan to reveal a revenue scheme for their multi-trillion dollar budget bill that would tax unrealized capital gains, a move targeted towards the richest ...

Biden is politicizing Justice Department, Republicans say

By Naomi Lin, White House Reporter President Joe Biden is politicizing the Justice Department, according to some Republican critics, echoing a charge he made against former President Donald ...

Grassley blasts Garland over DOJ school boards memo and Hunter Biden investigation

By Jerry Dunleavy, Justice Department Reporter The top Republican on the Senate Judiciary Committee plans to blast Attorney General Merrick Garland over his controversial school ...

Good Samaritans Rescue Distressed Woman Preparing to Jump From Bridge in Massachusetts

By Louise Brevan Seeing a distressed woman who had climbed over a railing of a bridge in West Springfield, Massachusetts, a number of good Samaritans stopped their cars and ...

Washington Post Corrects Story Claiming Crowd Was Chanting ‘Let’s Go Brandon’

By Zachary Stieber The Washington Post has corrected a story that falsely stated a crowd at a recent speech was chanting “Let’s Go Brandon.” The crowd was actually ...

DeSantis offers police $5,000 bonus to relocate to Florida amid vaccine mandates

By Elizabeth Faddis, Breaking News Reporter Republican Gov. Ron DeSantis of Florida touted a new effort from the state to recruit law enforcement officers amid job losses over ...