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Real News, Real Time

In Response to Putin, Zelenskyy Says Cease-Fire Must Come Before Peace Talks
Posted inWorld

In Response to Putin, Zelenskyy Says Cease-Fire Must Come Before Peace Talks

USNN World Newsby USNN World NewsMay 11, 2025June 7, 2025
Andre Agassi Wins His Professional Pickleball Debut With Partner Anna Leigh Waters
Posted inSports

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

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty
Posted inEconomy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case
Posted inBusiness

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

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring
Posted inHealthcare

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

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
India and Pakistan Agree to US-Mediated Cease-Fire
Posted inWorld

India and Pakistan Agree to US-Mediated Cease-Fire

USNN World Newsby USNN World NewsMay 10, 2025June 6, 2025
Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal
Posted inWorld

Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities
Posted inImmigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’
Posted inSports

Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker
Posted inSports

Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
US Could Hit Debt Limit in August, Bessent Says
Posted inNational News

US Could Hit Debt Limit in August, Bessent Says

USNN World Newsby 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.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025

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NATIONAL NEWS

  • Nancy Pelosi refers to reporter as ‘Mr. Republican talking points’ after whistleblower questionNancy Pelosi refers to reporter as ‘Mr. Republican talking points’ after whistleblower question
    By Brian Flood | Fox News House Speaker Nancy Pelosi accused Sinclair Broadcast Group reporter James Rosen of spouting GOP talking points after he asked a question about the ...
  • Republicans Motion to Subpoena WhistleblowerRepublicans Motion to Subpoena Whistleblower
    By Zachary Stieber Rep. Mike Conaway (R-Texas) in a file photograph in Washington. (Alex Wong/Getty Images) GOP lawmakers on Nov. 13 motioned to subpoena the person ...
  • Cross Examination Exposes Gaps in Impeachment NarrativeCross Examination Exposes Gaps in Impeachment Narrative
    By Ivan Pentchoukov Tough questions from lawmakers show hearsay, opinion, and presumptions underlie crucial claims by star witness Republican lawmakers used the first public ...
  • Name of DNC Operative Alexandra Chalupa Was Redacted in Impeachment Transcripts: NunesName of DNC Operative Alexandra Chalupa Was Redacted in Impeachment Transcripts: Nunes
    By Zachary Stieber House Democrats redacted the name of Alexandra Chalupa, the former Democratic National Committee (DNC) contractor who met with Ukrainian officials to try to ...
  • Trump vows new Ukraine transcript release in post-impeachment hearing press conferenceTrump vows new Ukraine transcript release in post-impeachment hearing press conference
    By Gregg Re | Fox News President Trump tore into House Democrats’ ongoing impeachment inquiry Wednesday during a press conference with Turkey President Recep Tayyip Erdogan, decrying the hearsay-laden “witch hunt” and saying ...
  • Rep. Jordan chides diplomat on quid pro quo claims: ‘Your clear understanding was obviously wrong’Rep. Jordan chides diplomat on quid pro quo claims: ‘Your clear understanding was obviously wrong’
    By Ronn Blitzer | Fox News Republican Rep. Jim Jordan led some of the toughest questioning during Wednesday’s impeachment hearing, challenging Ukraine ambassador William Taylor over his claims that he understood President ...
  • Impeachment witness urges Burisma probe, testifies to concern of Hunter Biden ‘conflict’Impeachment witness urges Burisma probe, testifies to concern of Hunter Biden ‘conflict’
    By Brooke Singman | Fox News State Department official George Kent testified Wednesday that he would “love” to see Ukraine look into the circumstances surrounding the closure ...
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  • Schumer Blocks Measure That Would Lower Prescription Drug PricesSchumer Blocks Measure That Would Lower Prescription Drug Prices
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  • DOJ’s Durham Interviewed Downer, Australia’s Russia Probe Figure, Reports ClaimDOJ’s Durham Interviewed Downer, Australia’s Russia Probe Figure, Reports Claim
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    By Adam Shaw | Fox News Public hearings began Wednesday in the House impeachment inquiry, focusing on the circumstances surrounding President Trump’s July 25 phone call with ...
  • Adam Schiff to Jim Jordan: ‘I don’t know the identity of the whistleblower’Adam Schiff to Jim Jordan: ‘I don’t know the identity of the whistleblower’
    By Nick Givas | Fox News After House Democrats kicked off their impeachment hearings against President Trump on Wednesday, House Intelligence Committee Chairman Rep. Adam Schiff, D-Calif., claimed he has no knowledge of the Ukraine whistleblower’s identity, despite reports ...
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