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Real News, Real Time

Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal
Posted inWorld

Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities
Posted inImmigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’
Posted inSports

Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker
Posted inSports

Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
US Could Hit Debt Limit in August, Bessent Says
Posted inNational News

US Could Hit Debt Limit in August, Bessent Says

USNN World Newsby 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.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center
Posted inNational News

DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center

USNN World Newsby USNN World NewsMay 9, 2025August 20, 2025
FEMA Confirms Acting Administrator Hamilton Has Been Replaced
Posted inNational News

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

USNN World Newsby USNN World NewsMay 9, 2025August 19, 2025
Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming
Posted inSports

Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions
Posted inWorld

Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April
Posted inEconomy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

USNN World Newsby USNN World NewsMay 8, 2025May 12, 2025
What We Know About the India–Pakistan Conflict
Posted inWorld

What We Know About the India–Pakistan Conflict

USNN World Newsby USNN World NewsMay 8, 2025June 26, 2025

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NATIONAL NEWS

  • Texas Governor Says He Will Defy Federal Agency’s Request to Remove Floating BarriersTexas Governor Says He Will Defy Federal Agency’s Request to Remove Floating Barriers
    By Jack Phillips Texas Gov. Greg Abbott on Monday said he would defy a Department of Justice (DOJ) request to remove inflatable, floating barriers in ...
  • IRS Ends Unannounced Agent Visits to Taxpayers’ HomesIRS Ends Unannounced Agent Visits to Taxpayers’ Homes
    By Tom Ozimek The Internal Revenue Service (IRS) has announced a major yet “common-sense” policy change that will put an end to most unannounced agent ...
  • Trump’s Trade Chief Lays Out Plan to Beat China at Its Own GameTrump’s Trade Chief Lays Out Plan to Beat China at Its Own Game
    By Jan Jekielek and Terri Wu Former U.S. trade representative Ambassador Robert Lighthizer views the decades of U.S. trade deficit with China as a “wealth transfer.” In ...
  • RFK Jr. Maintains Highest Favorability Rating Among Presidential Candidates in New PollRFK Jr. Maintains Highest Favorability Rating Among Presidential Candidates in New Poll
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  • Auto Thefts Skyrocket in Cities Across the United StatesAuto Thefts Skyrocket in Cities Across the United States
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  • Texas’ Border Crackdown Bears Fruit: 422 Million Lethal Fentanyl Doses Seized, Over 31,000 Criminal ArrestsTexas’ Border Crackdown Bears Fruit: 422 Million Lethal Fentanyl Doses Seized, Over 31,000 Criminal Arrests
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  • Judge Sets New Date for Trump Trial After Former President’s Request for Extensive DelayJudge Sets New Date for Trump Trial After Former President’s Request for Extensive Delay
    By Zachary Stieber Former President Donald Trump’s federal criminal trial has been delayed into 2024, but is still slated to take place before voters vote ...
  • Jim Caviezel Says Trump Is the ‘New Moses’ While Promoting New FilmJim Caviezel Says Trump Is the ‘New Moses’ While Promoting New Film
    By Catherine Yang “Sound of Freedom” actor Jim Caviezel went on Fox and Friends Thursday to promote his new film, praising former President Donald Trump ...
  • FBI Told Twitter Hunter Biden Laptop Was Authentic After New York Post Story Broke: TestimonyFBI Told Twitter Hunter Biden Laptop Was Authentic After New York Post Story Broke: Testimony
    By Tom Ozimek The House Judiciary Committee said it was told in recent testimony by an upper-level FBI employee that an agent confirmed to a ...
  • Senate Rejects NDAA Amendment Limiting US Ability to Join NATO WarsSenate Rejects NDAA Amendment Limiting US Ability to Join NATO Wars
    By Ryan Morgan The Senate voted on Wednesday against an amendment that states that the United States cannot be drawn into a conflict through NATO’s ...
  • RFK Jr. Responds to Democrat Attacks at Weaponization HearingRFK Jr. Responds to Democrat Attacks at Weaponization Hearing
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  • Opposition Grows to Biden Admin’s Climate Crackdown on DishwashersOpposition Grows to Biden Admin’s Climate Crackdown on Dishwashers
    By Tom Ozimek A coalition of over a dozen industry and consumer groups has issued a scathing criticism of the Biden administration’s proposed regulatory crackdown ...
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