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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

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

NATIONAL NEWS

Sen. Rand Paul: For America to Begin to Heal and Unite, Senate Must Halt Impeachment

By Masooma Haq Senator Rand Paul (R-Ky.) has said that for the United States to begin truly healing, President Joe Biden should publicly call on ...

Pelosi: House Will Move Immediately on Pandemic Relief

By Jack Phillips House Speaker Nancy Pelosi (D-Calif.) said the House of Representatives will move immediately on passing a pandemic spending package. In a news conference on Thursday, ...

Biden Administration Took Several Big Steps in Wrong Direction on First Day: McConnell

By Zachary Stieber President Joe Biden’s administration took steps in the wrong direction on Biden’s first day in office, Senate Republican Leader Mitch McConnell (R-Ky.) said Thursday. “The president ...

Powerball Jackpot Winner Worth $731.1M Sold in Maryland

By The Associated Press DES MOINES, Iowa—A single Powerball ticket sold in Maryland is the winner of an estimated $731.1 million jackpot, the first to get the top prize ...

Collaboration Between Government and Big Tech Giving Rise to Totalitarianism, Experts Warn

By Petr Svab News Analysis The formation of a totalitarian state is just about complete in America as the most powerful public and private sector actors ...

Twitter Shares Fall Even More Following Trump Ban

By Jack Phillips Twitter shares—since President Donald Trump’s permanent ban—slid even more on Monday. As of Monday at around 11:20 a.m. ET, the San Francisco-based company’s stock was trading at ...

My Pillow CEO Says Bed Bath and Beyond, Kohl’s to Stop Selling His Products

By Zachary Stieber My Pillow products won’t be carried in Kohl’s or Bed Bath & Beyond any longer, the company’s CEO says. CEO Mike Lindell said Monday that ...

Trump’s 1776 Commission Calls for National Unity Around America’s Founding Values

By GQ Pan President Donald Trump’s advisory 1776 Commission on Monday released a public report, fulfilling its task to revisit the nation’s founding history in an ...

Trump Awards Medal of Freedom to Rep. Nunes

By Zachary Stieber President Donald Trump awarded the Presidential Medal of Freedom to Rep. Devin Nunes (R-Calif.) during a White House ceremony on Jan. 4. The White House ...

Many Will Leave Party If GOP Senators ‘Go Along With’ Convicting Trump: Sen. Rand Paul

By Lorenz Duchamps Republicans who joined Democrats in voting to impeach President Donald Trump this week faced harsh criticism from Republican parties in their states. Sen. Rand Paul (R-Ky.) said ...

‘They Want to Cancel Our Culture, Our History, Our Liberty’: Goya CEO

By Gary Du Robert Unanue, Goya Foods President and CEO, said on Friday the political left has weaponized the CCP (Chinese Communist Party) virus to ...

Census Bureau: Citizenship Data Won’t be Released Until After Trump Leaves Office

By Zachary Stieber Data on the citizenship status of census respondents won’t be finalized or released until after President Donald Trump leaves office, putting his push to ...