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

Secretary Carson: Haven’t Talked About Using 25th Amendment

By Zachary Stieber One of President Donald Trump’s longest-tenured Cabinet members on Friday said he has not spoken with anybody about using the 25th Amendment to remove ...

Nikki Haley Likens Trump Twitter Ban to Act of Chinese Communist Party

By Zachary Stieber Social media companies banning President Donald Trump is something the Chinese Communist Party would do, former United Nations Ambassador Nikki Haley said Friday. “Silencing people, ...

Pompeo Calls Twitter’s Ban on Trump ‘Un-American,’ Compares It to Chinese Communist Censorship

By Eva Fu Twitter’s decision to permanently ban President Donald Trump is “un-American” and parallels censorship under communist China, Secretary of State Mike Pompeo said on Jan. ...

Man Who Posed for Photos at Desk in Pelosi’s Office Arrested

By Emel Akan WASHINGTON, DC — A man photographed sitting at House Speaker Nancy Pelosi’s desk during the D.C protests on Wednesday has been arrested and faces multiple charges, ...

Video: Trump Supporters Stop ‘Antifa’ From Breaking Into Capitol

By Grace Coulter There’s been much controversy over who exactly forcefully entered the Capitol building during Wednesday’s protest. They’ve been labeled solely as Trump supporters by most ...

Hawley Plans Lawsuit After Simon & Schuster Cancels Publication of His Book

By Zachary Stieber Sen. Josh Hawley (R-Mo.) said Thursday he plans to sue Simon & Schuster after the publishing company canceled a contract for his book. Calling the ...

Trump Says He Won’t Attend Biden’s Inauguration

By Ivan Pentchoukov President Donald Trump said on Jan. 8 that he will not attend the inauguration of President-elect Joe Biden. “To all of those who ...

US Capitol Police Investigating Killing of Ashli Babbitt; Family Speaks Out

By Jack Phillips The U.S. Capitol Police is investigating the killing of a woman who entered the U.S. Capitol building on Jan. 6 during a ...

Trump Supporters Take Stock of Jan. 6, Feel Mischaracterized by Media

By Charlotte Cuthbertson WASHINGTON—Empty streets and a subdued atmosphere characterized Washington on Jan. 7 as Trump supporters processed the events of the previous day and ...

Trump Promises ‘Orderly Transition’ After Biden Certified as President-Elect

By Zachary Stieber President Donald Trump early Jan. 7 promised there would be an orderly transition on Jan. 20, while vowing to continue to fight to ...

Full List: How Members of Congress Voted on Objections to Arizona, Pennsylvania Electoral Results

By Zachary Stieber Two objections triggered a vote during the joint session of Congress, which spilled into the early hours of Thursday before Joe Biden ...

Press Release: Votes Switched throughout U.S. Presidential Race – Institute for Good Governance

By Marjorie Meyers PRESS RELEASE Senior IT Expert at Global Defense Contractor Testifies in Italian Federal Court; He and Others Switched Votes throughout America in the ...