USNN World News - USNN World News

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

World

What We Know About the India–Pakistan Conflict

by USNN World NewsMay 8, 2025June 26, 2025

NATIONAL NEWS

‘Abuse of Soft Power’: Hunter Biden Associate Tells Tucker Carlson of Hearing Vice President on Speaker Phone

By Catherine Yang Everyone in Washington understands that advisory and consulting positions generally mean selling access, Devon Archer told Tucker Carlson in the latest episode ...

Devon Archer Testimony Lays Roadmap for Further Probes Into Biden Family: Rep. Comer

By Tom Ozimek Rep. James Comer (R-Ky.) said that congressional testimony by former Hunter Biden business partner Devon Archer provides a roadmap for the next ...

Trump Lawyer: 3rd Indictment ‘Opens Door’ to More Scrutiny of 2020 Election

By Janice Hisle and Jan Jekielek The third indictment of former President Donald Trump could produce unintended consequences for the U.S. Department of Justice (DOJ), ...

Nebraska Sending Soldiers to US–Mexico Border in Support of Operation Lone Star

By Lorenz Duchamps Nebraska Gov. Jim Pillen announced on July 31 that more than 60 Nebraska Army National Guard soldiers will be deployed to the ...

Nationwide Operation Leads FBI to 200 Sex Trafficking Victims, 59 Missing Children

By Katabella Roberts More than 200 sex trafficking victims were discovered during a 14-day nationwide child exploitation and human trafficking operation conducted by FBI agents in ...

DeSantis Invites Harris To Talk About Slavery, But She Rejects the Offer

By Dan M. Berger Vice President Kamala Harris flew to Florida last month to take a shot at Gov. Ron DeSantis, saying the state wanted ...

Congressional Investigation Begins Into Federal Agencies Involved in Crafting ‘Coercive Policies’ to Carry Out Executive Order on Vaccine Mandates

By Matt McGregor The chairman of the Select Subcommittee on the Coronavirus Pandemic has launched an investigation into how four federal agencies carried out the ...

Jack Smith Admits Making False Claim to Court in Trump Case

By Tom Ozimek Special Counsel Jack Smith’s team made a startling admission in its case against former President Donald Trump, acknowledging in a new court ...

The Legal Cases Against Trump Explained

By Petr Svab Former President Donald Trump is running for the White House while facing three indictments and one more criminal investigation. Never before has ...

Trump Indicted on Jan. 6 Charges

By Janice Hisle Former President Donald Trump has been indicted on a third set of felony charges relating to the events of Jan. 6, 2021, ...

Fetterman Reveals Trump Still Strong in Pennsylvania: ‘Trump Signs Everywhere’

By Jack Phillips Sen. John Fetterman (D-Pa.) stated that former President Donald Trump still enjoys significant support in Pennsylvania, adding that he sees “Trump signs ...

IRS Wants State Help With New Tax Return E-Filing Pilot Amid Privacy Concerns

By Tom Ozimek The Internal Revenue Service (IRS) is asking states for assistance with test-driving a new electronic free-file tax return system that will help ...