USNN World News - USNN World News

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

Republicans accuse Cummings of violating bipartisan agreement with ‘abusive’ DHS subpoenas

By Ronn Blitzer | Fox News Republican leaders claim that House Oversight Committee Chairman Elijah Cummings, D-Md., is violating an agreement between their parties after the Democrat subpoenaed ...

Collins: Schiff wants interviews kept secret because Dems ‘can’t win this in the public eye’

By Ronn Blitzer | Fox News House committees are expected to continue their series of closed-door transcribed interviews as part of their impeachment-related investigation of President Trump ...

Louisiana election heads to runoff with Democrat Edwards to face GOP’s Rispone

By Vandana Rambaran | Fox News Louisiana’s Democratic governor, John Bel Edwards, will have to face a runoff election in November as he failed to garner at least ...

Trump says Obama ‘hiding’ from questions about Bidens and Ukraine: ‘I think he knows all about it’

By Melissa Leon | Fox News Former President Barack Obama has been hiding from questions about former Vice President Joe Biden, his son Hunter and Hunter’s work for a gas company ...

Rose McGowan rips Hillary Clinton over ties to ‘predators’ Bill Clinton, Harvey Weinstein

By Brie Stimson | Fox News Rose McGowan called out Hillary Clinton last week over a report that Clinton’s publicist told journalist Ronan Farrow that his investigation into Harvey Weinstein’s alleged ...

‘Hunter Biden’ a topic CNN, NBC, MSNBC don’t seem to like, law professor says

By Dom Calicchio | Fox News Want to watch a left-leaning TV journalist quickly change the subject? Just mention Hunter Biden, son of former Vice President Joe Biden. “For ...

Trump encourages Louisianians to vote, says Pelosi ‘hates the United States’ at second rally in as many days

By Vandana Rambaran | Fox News President Trump slammed House Speaker Nancy Pelosi, D-Calif., at his second campaign rally in as many nights Friday, saying “Nancy Pelosi hates the ...

STUNNING. FOX News Plays Trick on Viewers – Oversamples Democrats by 14 POINTS in Junk Impeachment Poll

By Paul Martin and Jim Hoft FOX News Plays Trick on Viewers – Oversamples Democrats by 14 POINTS in Junk Impeachment Poll Some people are blaming ...

California adopts nation’s broadest gun seizure laws

By Melissa Leon | Fox News California Democratic Gov. Gavin Newsom signed 15 gun-related bills into law Friday, tightening the state’s already-stringent Second Amendment restrictions. One of the bills, which expands a so-called “red ...

Trump headlines Minneapolis rally amid Dems’ impeachment push, tussle over security costs

By Gregg Re | Fox News President Trump was headlining a rally in Minneapolis on Thursday evening, even after his campaign threatened a lawsuit over the city’s effort to recover ...

Minneapolis police officer running against Ilhan Omar calls her ‘absentee landlord,’ says constituents are not happy

By Julia Musto | Fox News Freshman Rep. Ilhan Omar, D-Minn., is an “absentee landlord” in her home state and residents aren’t happy, Minneapolis police officer and congressional candidate Chris Kelley said ...

NBC News boss Andy Lack’s leadership scrutinized as Ronan Farrow tell-all approaches

By Brian Flood | Fox News Embattled NBC News Chairman Andy Lack has managed to keep his job amid a laundry list of scandals, but a new spotlight is being ...