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

Kentucky County Demands Mitch McConnell Resign as Republican Senate Leader

By Jack Phillips A county Republican Party in Kentucky demanded that Senate Minority Leader Mitch McConnell (R-Ky.) resign as leader after his comments on the Senate floor over ...

Texas Independence Movement Gains Momentum

By Ella Kietlinska and Joshua Phillipp Proponents of Texas independence anticipate winning the referendum in which Texans will decide whether a process to determine the best way ...

READ: Former President Donald Trump’s Full Statement on Mitch McConnell

By The Epoch Times Staff Former President Donald Trump issued a statement on Mitch McConnell on Tuesday. Read the full statement here: Statement by Donald J. Trump, 45th President ...

Trump Says GOP Won’t Win With McConnell, Plans to Back MAGA Primary Candidates

By Jack Phillips Former President Donald Trump, in a strongly-worded statement, criticized Senate Minority Leader Mitch McConnell’s (R-Ky.) leadership and said the Republican Party won’t be successful in ...

Aim of Impeachment Was to Paint All Trump Voters as Criminals

By Tom Ozimek Rep. Mike Johnson (R-La.) says Democrats used the impeachment of former President Donald Trump as a tool to paint all of his supporters with the brush ...

Support for Third US Political Party Reaches High Point: Poll

By Zachary Stieber Some six out of 10 people believe America needs a third political party to jockey with Republicans and Democrats because those parties ...

Dominion Owned Machines Removed 6% of Votes from Each Windham, New Hampshire GOP Candidate – Same Machines Used in 85% of Towns

By Jim Hoft Here is a major update to our report on voter fraud in New Hampshire. As we previously reported — A recent hand recount in ...

Biden Calls on Congress to Restrict Gun Ownership

By Zachary Stieber President Joe Biden on Feb. 14 urged Congress to strengthen existing laws concerning gun ownership on the third anniversary of the mass shooting at ...

Bartiromo, Pirro, Dobbs File Motions to Dismiss Smartmatic Lawsuits

By Jack Phillips Fox News personalities Maria Bartiromo and Jeannine Pirro, as well as former Fox News host Lou Dobbs, filed separate motions on Friday to dismiss ...

Impeachment Managers Admitted Trump Was Not Impeached for His Words: Sen. Rand Paul

By Samuel Allegri Sen. Rand Paul (R-Ky.) said on Thursday that the House Democrats conducting the impeachment of former President Donald Trump were not able ...

States Push to Rein in Big Tech as Federal Gears Grind Slow

By Tom Ozimek States are moving with urgency in seeking to rein in alleged abuses by Big Tech companies, while the federal government is preoccupied with COVID-19 ...

Texas Official Announces Legislation to ‘Protect’ National Anthem in Wake of NBA Controversy

By Zachary Stieber A top Texas official on Wednesday said he would push for state legislators to pass a bill that would require events receiving public funding ...