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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, 2025May 9, 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

America Prepares for Protests, Celebrations on Flag Day

By Janice Hisle President Donald Trump said Americans are invited to the nation’s capital for “an unforgettable celebration” of the Army’s 250th anniversary on June ...

Marines to Protect Federal Assets in LA, Relieve National Guard Troops

By Sam Dorman The Defense Department said that a group of 200 Marines would relieve the California National Guard on June 13 to protect federal ...

New Democrat Coalition Urges Party to Reconnect With Working Class

By Chase Smith A member of the New Democrat Coalition is calling on the Democratic Party to sharpen its message to working-class voters, saying that ...

Appeals Court Restores Trump’s Control of California National Guard

By Sam Dorman A federal appeals court has issued a temporary stay in a ruling handed down just hours earlier on June 12, essentially restoring ...

DHS Sending Termination Notices to 500,000 Illegal Immigrants to ‘Leave Immediately’

By Jack Phillips The Department of Homeland Security (DHS) announced on June 12 that it sent notices of termination to hundreds of thousands of Cuban, ...

Musk Says He Regrets Posts About Trump

By Owen Evans Tech billionaire Elon Musk has expressed regret over recent posts about President Donald Trump amid a public feud between the two. “I regret ...

US Reduces Presence at Middle East Embassies Amid Rising Tensions

By T.J. Muscaro The United States has begun decreasing the number of staffers present at its embassies in the Middle East due to heightened security ...

FBI Investigating Money Trail Behind Los Angeles Riots, Patel Says

By Eva Fu The FBI is investigating what is fueling the riots against immigration enforcement in Los Angeles, the agency’s director, Kash Patel, said. “The FBI ...

Los Angeles Mayor Imposes Curfew on Downtown to Stem Looting, Vandalism

By Joseph Lord Los Angeles Mayor Karen Bass announced that a curfew would go into effect on areas of the city’s downtown as riots reached ...

Thomas Massie Introduces Bill to Audit America’s Gold Reserves

By Andrew Moran Rep. Thomas Massie (R-Ky.) introduced legislation on June 6 to audit gold reserves held by the United States. Earlier this year, President Donald ...

Treasury Sanctions El Chapo’s Sons and Key Allies Over Fentanyl Trafficking

By Chase Smith The U.S. Treasury Department on June 9 sanctioned two sons of Joaquín “El Chapo” Guzmán and several members of their network, accusing ...

What to Know About the Insurrection Act of 1807

By Stacy Robinson and Joseph Lord As protests against federal immigration enforcement flared across Los Angeles over the weekend, questions have arisen about whether President ...