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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

Tax Day Is Monday: What to Know About Deadlines, Extensions, and Refunds

By Jack Phillips Monday, April 15 is the deadline to file federal income tax returns and extensions to the Internal Revenue Service (IRS) for most ...

Price Hikes, Job Losses in Wake of California’s New Minimum Wage for Fast-Food Workers

By Travis Gillmore Though California’s new minimum wage for the fast-food industry puts more money into some workers’ pockets, it has ignited a firestorm of ...

Woman Who Went Viral for Hugging Trump at Chick-fil-A Explains Why Black Voters Support Him

By Tom Ozimek A woman who recently went viral for hugging former President Donald Trump at a Chick-fil-A in Georgia and telling him not to ...

Negative Views of Government Soar Under Biden Compared to Trump

By Tom Ozimek The share of Americans expressing a negative view of the federal government soared in President Joe Biden’s third year in office, with ...

Johnson, Trump Announce Election Integrity Bill to Require Proof of Citizenship to Vote

By Samantha Flom House Speaker Mike Johnson (R-La.) and former President Donald Trump are urging support for a bill aimed at preventing non-citizens from voting ...

2025 Social Security COLA Estimate Rises Due to Inflation

By Naveen Athrappully Advocacy group The Senior Citizens League (SCL) has raised its estimate of social security cost-of-living adjustment (COLA) for 2025, citing higher inflation. “The ...

Senate Passes Resolution Nullifying Biden’s Greenhouse Gas Emissions Rule

By Stephen Katte The U.S. Senate has passed a disapproval resolution overturning a regulation from the Federal Highway Administration (FHWA) requiring states to measure and ...

16 GOP Attorneys General Challenge Garland’s Comments on Voting Laws

By Matt McGregor A group of Republican state attorneys general are pushing back against U.S. Attorney General Merrick Garland’s comments made in March at a ...

Red States Push Back Against Biden’s Voter Registration Order

By Beth Brelji A power struggle over voter registration is playing out between the White House and some secretaries of state who say the federal ...

Speaker Johnson, Trump to Hold Joint Press Conference on Election Integrity at Mar-a-Lago

By Jackson Richman House Speaker Mike Johnson (R-La.) and former President Donald Trump are scheduled to hold a joint press conference on April 12 regarding ...

California Stopped Tracking Billions in Homeless Spending, Audit Shows

By Beige Luciano-Adams Despite spending more than $24 billion to combat the crisis over the past five years, California has seen its homeless population continue ...

FBI Director Issues Warning on ‘Increasingly Concerning’ Terrorist Threat

By Jack Phillips FBI Director Christopher Wray on Tuesday warned that foreign terrorist groups are again looking to attack the United States in an “increasingly ...