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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

Nikki Haley denies ‘false rumors’ she will replace Pence on GOP ticket in 2020

By Alex Pappas | Fox News Nikki Haley, the former U.S. ambassador to United Nations, on Wednesday denied what she called “false rumors” that she could replace Mike Pence as ...

John Delaney suggests some Dems are ‘cheering on a recession’ to hurt Trump

By Joseph A. Wulfsohn | Fox News Above John Delaney: Some of President Trump’s media critics appear to be rooting for recession. After striking out on Russia ...

Gov. Gavin Newsom is ‘responsible’ for California’s homeless crisis, says former state congressman

By Joshua Nelson | Fox News The vice president of the Texas Public Policy Foundation, Chuck DeVore, said Wednesday that Gavin Newsom is “responsible for the policies that have created California’s homeless ...

Defiant Trump digs in amid battles on trade, guns, Israel: ‘I am the chosen one’

By Alex Pappas | Fox News A defiant President Trump sparred with reporters Wednesday in a testy back-and-forth for more than a half-hour as he dug in over his ...

Portland residents, business owners want city officials to ‘fix’ homeless problem

By Barnini Chakraborty | Fox News PORTLAND, Ore. – In the summer of 2019, Fox News embarked on an ambitious project to chronicle the toll progressive policies have had ...

$3 Million Proceeds From Betsy Ross T-shirt Will Build Homes for Families of Fallen Soldiers

BY RICHARD SZABO A radio talk show celebrity’s generosity will help provide shelter for the family of servicemen who died while serving their country, a New ...

Educators Warn of Falling Academic Standards in California

BY IAN HENDERSON With California’s K-12 education consistently ranked below average or even near the lowest in the nation, parents, educators and local officials have increasingly expressed their concern ...

Poll: Public Support Grows for School Choice, Vouchers

BY BOWEN XIAO A new nationwide opinion poll on education policy released by Education Next shows growing support for a number of initiatives, namely school choice, and ...

Trump Says White House Considering Cutting Payroll Tax, Rejects Recession Fears

By Janita Kan President Donald Trump said on Aug. 20 that the White House has long-considered cutting payroll tax and rejected warnings about a looming recession. “Payroll ...

San Francisco homeless stats soar: city blames big business, residents blame officials

By Barnini Chakraborty | Fox News In the summer of 2019, Fox News embarked on an ambitious project to chronicle the toll progressive policies have had on the ...

Detroit PD responds after Tlaib crudely attacks their use of facial recognition technology

By Sam Dorman | Fox News Rep. Rashida Tlaib, D-Mich., got an invitation Tuesday to observe her hometown police department’s use of facial recognition technology soon after she crudely attacked the controversial ...

Economist reacts to high numbers of New Yorkers fleeing to Florida because of high state taxes

By Frank Miles | Fox News Heritage Foundation chief economist Steve Moore reacted to the high numbers of New Yorkers who are fleeing to Florida because of ...