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Real News, Real Time

India and Pakistan Agree to US-Mediated Cease-Fire
Posted inWorld

India and Pakistan Agree to US-Mediated Cease-Fire

USNN World Newsby USNN World NewsMay 10, 2025June 6, 2025
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

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NATIONAL NEWS

  • First Amendment Rights Being Eroded by Technocrats: Director of Citizens for Free SpeechFirst Amendment Rights Being Eroded by Technocrats: Director of Citizens for Free Speech
    By Ella Kietlinska and Joshua Phillipp The increased censorship of people’s views expressed on social media by Big Tech companies has been part of an ...
  • Growing Number of Republican Senators Oppose Holding Trump Impeachment TrialGrowing Number of Republican Senators Oppose Holding Trump Impeachment Trial
    By Zachary Stieber An increasing number of Republican senators are voicing opposition to holding an impeachment trial against former President Donald Trump, leaving Democrats’ ability to swing enough ...
  • Grenell: Trump Wants to Run for President AgainGrenell: Trump Wants to Run for President Again
    By Zachary Stieber Former President Donald Trump has said more than once that he wants to run for the presidency again after losing the 2020 election, an ...
  • Sarah Sanders, Former Trump Aide, Announces Run for Arkansas GovernorSarah Sanders, Former Trump Aide, Announces Run for Arkansas Governor
    By Zachary Stieber Ex-Donald Trump aide Sarah Sanders on Monday announced she’s running to be governor of Arkansas. “America is great because we are free. But today, ...
  • Constitutional Amendment to Prevent Supreme Court Packing ResurfacesConstitutional Amendment to Prevent Supreme Court Packing Resurfaces
    By Matthew Vadum Sen. Shelley Moore Capito (R-W.Va.) introduced legislation Jan. 22 to amend the U.S. Constitution to limit the Supreme Court to nine justices, the numerical ...
  • Michigan Rep. Upton Unanimously Censured by County GOP for Impeachment VoteMichigan Rep. Upton Unanimously Censured by County GOP for Impeachment Vote
    By Jack Phillips A Michigan county’s Republican Party voted to censure Rep. Fred Upton (R-Mich.) for his vote to impeach former President Donald Trump earlier this month. During ...
  • Thousands of National Guard Troops to Remain in DC Through MarchThousands of National Guard Troops to Remain in DC Through March
    By Zachary Stieber At least 5,000 National Guard members will remain in Washington through mid-March, a spokesman for the agency confirmed to The Epoch Times. “As we continue to work ...
  • US Marshalls Rescue 33 Missing Children in ‘Operation Lost Angels’US Marshalls Rescue 33 Missing Children in ‘Operation Lost Angels’
    By Lorenz Duchamps More than 30 children were rescued by U.S. Marshalls from human trafficking in Southern California, including eight who were being sexually exploited, the FBI announced Friday. The ...
  • Texas Attorney General Threatens to Sue Biden Administration Over ‘Illegal Deportation Freeze’Texas Attorney General Threatens to Sue Biden Administration Over ‘Illegal Deportation Freeze’
    By Jack Phillips Texas Attorney General Ken Paxon said he will sue the Biden administration over its “illegal deportation freeze.” “Border states like Texas pay a particularly ...
  • Trump Makes First Public Comments Since Leaving OfficeTrump Makes First Public Comments Since Leaving Office
    By Jack Phillips Former President Donald Trump said Friday in his first public comments since leaving office that he’ll make a comeback in some way but didn’t ...
  • Twitter Sued by Child Sex Trafficking VictimTwitter Sued by Child Sex Trafficking Victim
    By Gary Du A sex trafficking victim has filed a lawsuit against Twitter in a U.S. district court in California, alleging that the social media ...
  • Articles of Impeachment Filed Against Biden by GOP Rep. Marjorie Taylor GreeneArticles of Impeachment Filed Against Biden by GOP Rep. Marjorie Taylor Greene
    By Mimi Nguyen Ly Newly-elected Rep. Marjorie Taylor Greene (R-Ga.) on Jan. 21 announced she has introduced articles of impeachment against the new president, Joe Biden. The articles of impeachment ...
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