USNN World News - USNN World News

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

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

NATIONAL NEWS

John Bolton is a Dr. Strangelove throwback who set himself up as a White House warlord

By Peter Navarro | Fox News Everything Bolton pushed would have made America less peaceful or less prosperous. It would be a crime for former National Security Adviser ...

Biden VP hopeful Karen Bass slammed over past praise for Fidel Castro

By Dom Calicchio | Fox News Past praise for the late Cuban dictator Fidel Castro has some Miami-area Democrats worried about a lawmaker said to be in the running ...

Occupy City Hall grows in numbers as NYPD budget deadline looms

By Danielle Wallace | Fox News Protesters living in a tent encampment meant to Occupy City Hall kicked off their sixth consecutive day on Sunday taking up space in New ...

Trump signs executive order to protect American monuments, memorials and statues

By Morgan Phillips | Fox News Historic monuments and statues have become the targets of anger and vandalism during protests. President Trump announced Friday that he signed an executive ...

House passes DC statehood bill: Here’s how it would work

By Morgan Phillips | Fox News The new state would be called ‘Washington, Douglass Commonwealth’. The Democratic-led House on Friday for the first time passed a bill that would make Washington, ...

‘I hope it’s true’: Trump responds to claim he was chosen by God

By Caleb Parke | Fox News President Trump responded to the evangelical claim that he was appointed by God in an interview Monday. CBN News political analyst David Brody asked Trump about the ...

Biden says he would use federal power to require Americans to wear masks in public

By Adam Shaw | Fox News ‘I would insist that everybody in public be wearing that mask,’ he said. Presumptive Democratic presidential nominee Joe Biden said Thursday that he ...

Joe Biden ‘greeted’ by Trump supporters outside Pennsylvania campaign stop

By David Aaro | Fox News It was hard to tell if Joe Biden or President Trump would be appearing in south central Pennsylvania on Thursday by the looks of crowds gathered near ...

Trump fields audience questions on mail-in voting, riots, says Democrats ‘destroying our country’

By Brie Stimson | Fox News President Trump’s Fox News town hall with Sean Hannity on Thursday night presented a rare opportunity for the nation’s commander-in-chief to answer questions coming directly ...

Trump says violence in Chicago, Baltimore, other US cities like ‘living in hell,’ in ‘Hannity’ town hall

By Andrew O’Reilly | Fox News President Trump, in a Fox News town hall with Sean Hannity on Thursday, tore into the soaring violent-crime rates in cities including Chicago ...

BET founder Robert Johnson says Dems taking black voters ‘for granted,’ calls for BLM to form party

By Marisa Schultz | Fox News BET founder Robert Johnson says the Democratic Party has taken black voters in America for granted, and he urges the ascendant Black Lives Matter (BLM) ...

Biden cancer nonprofit paid its top execs millions. It spent little to eradicate cancer

By Joe Schoffstall | Washington Free Beacon Nearly two-thirds of the money the Biden Cancer Initiative spent since its founding in 2017 went toward staff compensation and six-figure ...