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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

The New York Times mocked for ‘Star Wars’ themed, anti-Trump video

By Brian Flood | Fox News The New York Times was lampooned on social media Thursday for tweeting a “Star Wars”-style video declaring that President Trump “has launched a fresh assault on ...

Tucker Carlson: Ukraine story shows Dems are so obsessed with Trump, they’re destroying themselves – and Biden

By Tucker Carlson | Fox News One of the most bewildering facts of our current moment is how quickly everything moves. For example, remember the latest New York Times hit piece ...

Kellyanne Conway blasts Ukraine call ‘leaker’: ‘I hope you’re watching’

By Charles Creitz | Fox News White House counselor Kellyanne Conway has taken aim at the unnamed “leaker” who raised concerns about President Trump’s phone call with Ukrainian leader Volodymyr ...

Republicans want whistleblower’s sources, as inconsistencies in complaint emerge

By Gregg Re | Fox News Top Republicans on Thursday pushed to identify the White House officials who told a whistleblower of alleged misconduct by the Trump administration, ...

Fox News hosts break down Trump’s phone call controversy and Dems’ impeachment push

By Yael Halon | Fox News Fox News’ primetime hosts reacted last night to the latest developments as Democrats ramp up their so-called impeachment inquiry of President Trump. All of the ...

Intel chief defends handling of Trump call complaint, spars with Schiff in tense hearing

By Brooke Singman | Fox News Acting Director of National Intelligence Joseph Maguire, in tense testimony Thursday on Capitol Hill, defended his handling of the explosive whistleblower complaint alleging President ...

Sen. Graham: Impeachment call before transcript was released tells me Pelosi ‘has lost control’

By Victor Garcia | Fox News Sen. Lindsey Graham, R-S.C., said House Speaker Nancy Pelosi has “lost control” after she announced an impeachment inquiry Tuesday, defending President Trump against allegations he acted ...

Rush Limbaugh: Democrats and media already experiencing ‘blowback’ over attacks on Trump

By Victor Garcia | Fox News Conservative radio talk show Rush Limbaugh said Wednesday that Democrats are already experiencing “blowback” for taking aim against President Trump, including their push for impeachment following ...

Cory Booker dodges question about Biden’s Ukraine ties, says Trump’s actions a ‘bridge too far’

By Nick Givas | Fox News Sen. Corey Booker, D-N.J., side steps question on Biden’s ties to Ukraine, as Congress beats impeachment drum. 2020 presidential hopeful Sen. Cory Booker, D-N.J., ...

Tulsi Gabbard won’t join fellow Democrats’ calls for impeachment: It would be ‘terribly divisive’

By David Montanaro | Fox News Rep. Tulsi Gabbard, D-Hawaii, said Tuesday she will not join with other House Democrats in supporting the impeachment of President Trump. The push for impeachment has picked ...

45 Google employees claim retaliation after reporting abuse, harassment, discrimination

By Christopher Carbone | Fox News An explosive document written by 45 Google employees claims that they’ve been subjected to sexism, broken promises of promotion, harassment and retaliation. The internal ...

Trump and Modi Rally in Unity at Texas Stadium

BY BOWEN XIAO President Donald Trump joined tens of thousands of Indian-Americans on Sept. 22 who were packed into a Houston, Texas, stadium for a rally with ...