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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

US Sets New Energy Production Record in 2024, Driven by Growth in Natural Gas, Renewables

By Chase Smith The United States produced more energy in 2024 than in any year on record, according to newly released data from the Energy ...

US Military Says 500 Marines Are ‘Prepared to Deploy’ to Los Angeles

By Jack Phillips U.S. military officials confirmed Sunday that around 500 Marines are “prepared to deploy” if necessary to quell unrest in Los Angeles in ...

Cars Set on Fire as LA Protests Intensify on Third Night

By Jack Phillips and Joseph Lord Thousands of protesters have blocked off a major freeway in Los Angeles and set several self-driving taxis on fire ...

Speaker Johnson Downplays Musk’s Influence, Suggests Republicans Will Pass Budget Bill

By Jack Phillips House Speaker Mike Johnson (R-La.) on June 8 downplayed tech billionaire Elon Musk’s critical comments and said that House Republicans will pass ...

FBI Issues Warning to Agitators Who Assault Police During LA Unrest

By Jack Phillips FBI Director Kash Patel said that the agency will target individuals who assault law enforcement officials during protests and riots in Los ...

Plane With up to 20 People on Board Crashes in Tennessee, Officials Say

By Jack Phillips A plane with as many as 20 people on board crashed in Tennessee on Sunday, leading to several people being airlifted to ...

Musk Mulls New Political Party Amid Feud With Trump

By Tom Ozimek Elon Musk is considering launching a new political party in the wake of his public fallout with President Donald Trump over a ...

Trump Signs Orders on Deregulating Flying Cars, Supersonic Flight

By Jacob Burg President Donald Trump signed executive orders on June 6 to deregulate and open research and development into flying cars and supersonic aviation ...

USCIS Rescinds Policy to Allow More Restrictions on ‘Stateless’ Persons

By Arjun Sing WASHINGTON—U.S. Citizenship and Immigration Services (USCIS) has announced that it will rescind a policy adopted during the Biden administration that grants reprieve ...

Musk Begins Decommissioning SpaceX Dragon Amid Fallout With Trump

By T.J. Muscaro Elon Musk announced on June 5 that SpaceX would begin decommissioning its Dragon spacecraft after President Donald Trump appeared to call for ...

Tesla Stock Tanks 14 Percent as Trump-Musk Feud Intensifies

By Andrew Moran Shares of Tesla Motors plummeted on June 5 as the feud between Elon Musk and President Donald Trump intensified. The electric vehicle maker’s ...

Trump Orders Investigation Into Biden’s Executive Actions, Autopen Allegations

By Joseph Lord President Donald Trump has ordered his administration to investigate whether officials in President Joe Biden’s administration misled the American people about Biden’s ...