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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

Trump Expresses Confidence in EU Trade Deal in Meeting With Italy’s Meloni

By Emel Akan and Travis Gillmore WASHINGTON—U.S. President Donald Trump welcomed Italian Prime Minister Giorgia Meloni to the White House on April 17, with both ...

Legal Battles, Accusations of Bias as America’s Public Media Faces Uncertain Future

By Brad Jones President Donald Trump’s plans to cut government spending and reduce funding to public media have ruffled feathers in Washington and triggered lawsuits ...

California Ponders Takeover of Oil Refineries as Facilities Shut Down

By Brad Jones Analysts say Californians could be paying significantly more for gasoline with the impending closure of two Phillips 66 refineries in Los Angeles, ...

Supreme Court to Hear Arguments in Challenge to Trump’s Birthright Citizenship Order

By Sam Dorman and Matthew Vadum The Supreme Court on April 17 left in place lower court orders blocking President Donald Trump’s policy of limiting ...

Trump Signs Order Barring Illegal Immigrants From Receiving Social Security

By T.J. Muscaro President Donald Trump signed a memorandum on April 15 directing several federal agencies to take measures to prevent Social Security payments from ...

Trump Opens National Security Probe Into Critical Mineral Imports

By T.J. Muscaro President Donald Trump signed an executive order on April 15, tasking the Secretary of Commerce to investigate the national security effects of ...

White House Weighs New Farmer Relief as Tariff War Escalates

By Bill Pan The White House said on April 15 that President Donald Trump is considering relief measures for American farmers who face falling prices ...

UnitedHealthcare Headquarters Intruder Detained, Months After CEO Killed

By Juliette Fairley The Minnetonka Police Department announced on April 14 that officers detained an adult male after reports of an intruder near UnitedHealthcare’s headquarters ...

Trump Blames Biden, Putin, Zelenskyy for Ukraine War, Says He’s Working to End It

By Tom Ozimek U.S. President Donald Trump blamed former U.S. President Joe Biden, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelenskyy on Monday for ...

Energy Secretary Says US, Saudi Arabia on Pathway to Civil Nuclear Agreement

By Jacob Burg Saudi Arabia and the United States will sign a preliminary agreement of cooperation as the kingdom intends to create a civil nuclear ...

New US Warship Deploys in Support of Border Security Operations

By Ryan Morgan The U.S. Navy has dispatched a warship to help support ongoing U.S. border security operations on April 11. The guided-missile destroyer USS Stockdale ...

Passengers Will Soon Need Real ID to Board Domestic Flights, TSA Warns

By Bill Pan In less than a month, Americans without a star on their driver’s license may face potential delays or even be turned away ...