USNN World News - USNN World News

Sports

Andre Agassi Wins His Professional Pickleball Debut With Partner Anna Leigh Waters

by USNN World NewsMay 10, 2025May 10, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by USNN World NewsMay 10, 2025May 10, 2025

Business

Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case

by USNN World NewsMay 10, 2025May 10, 2025

Healthcare

FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring

by USNN World NewsMay 10, 2025May 10, 2025

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

ICE Arrests 68 Tren de Aragua Gang Members

By Naveen Athrappully Federal authorities arrested 68 members of the notorious gang Tren De Aragua this week, according to a new report from the Department ...

Trump Orders Full Access to Unclassified Federal Data for Designated Officials

By Bill Pan In a lesser-noticed executive order issued on March 20, President Donald Trump directed federal agencies to grant his designees complete access to ...

Trump Says He Will Personally Cover Returned Astronauts’ Overtime Pay If NASA Doesn’t

By T.J. Muscaro NASA astronauts Butch Wilmore and Suni Williams should be paid more after their eight-day test flight of the Boeing Starliner spacecraft turned ...

DOGE Official Says IRS Can’t ‘Perform Basic Functions’ Without Billions for Consultants

By Jack Phillips A Department of Government Efficiency (DOGE) representative said that the IRS has a number of decades-old, infrastructure-related problems and said that recent ...

Trump Takes 2-Pronged Approach to Reduce Education Department

By Aaron Gifford During an Oval Office meeting earlier this year, President Donald Trump’s plans for the Department of Education appeared ambiguous. He didn’t rule out ...

JFK Files Leave Researchers With More Questions Than Answers

By Travis Gillmore WASHINGTON—Thousands of pages of documents related to the assassination of President John F. Kennedy on Nov. 22, 1963, were released late in ...

Trump Signs Order to Ramp Up US Production of Critical Earth Minerals

By Jacob Burg President Donald Trump signed an executive order on March 20 to boost the mining and production of critical minerals in the United ...

68 Bridges Nationwide Need Urgent Evaluation in Wake of Baltimore Bridge Collapse, Says NTSB

By Rachel Acenas The National Transportation Safety Board (NTSB) issued an urgent safety recommendations to 30 owners of 68 bridges across 19 states to assess ...

Social Security Announces Cost Cutting Initiative Following Audit

By Naveen Athrappully The Social Security Administration (SSA) on March 19 announced a plan to reduce costs and enhance security measures following stakeholder feedback and ...

Trump to Sign Order to Eliminate Department of Education

By Zachart Stieber and Emel Akan WASHINGTON—President Donald Trump is expected to sign an executive order on March 20 that will facilitate the dismantling of ...

Federal Judge Declines to Block Firing of US Institute of Peace Leadership

By Stacy Robinson A federal judge on March 19 decided not to block the Trump administration from firing the leadership of the U.S. Institute for ...

DOGE Says It Entered Peace Institute Building With Police Escort Amid Alleged Standoff

By Jack Phillips The Department of Government Efficiency (DOGE) said its staffers, along with acting U.S. Institute of Peace President Kenneth Jackson, entered the institute’s ...