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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

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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

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NATIONAL NEWS

Amistad Project Says State Legislators, Not Executive, Need to Certify Presidential Electors

By Janita Kan A group has brought a lawsuit on Tuesday seeking to block the counting of electoral college votes from several contested states when Congress meets ...

Trump Urges Americans to ‘Stop the Theft of the Presidential Election’

By Mimi Nguyen Ly President Donald Trump in a message to the nation late Tuesday sought to explain why he is determined to pursue all legal ...

Texas Governor Announces Plan to Place Austin Police Under State Control

By GQ Pan Legislation to place the Austin Police Department under state control has been drafted for lawmakers to consider in the coming January session, Texas Gov. ...

Arizona GOP Moves to Intervene in Legal Battle Over Maricopa County Audit

By Zachary Stieber The Arizona Republican Party has filed a motion to intervene in the lawsuit filed by Maricopa County against state senators, as the county fights against subpoenas ...

Senator Lindsey Graham: Georgia Now Has ‘Credible Process’ to Perform Signature Audit of Election

By Jack Phillips Sen. Lindsey Graham (R-S.C.) on Tuesday said he was briefed about Georgia’s mail-in ballot signature verification, saying officials have the ability to conduct ...

IBM, 3M, PepsiCo Among Leading US Firms That House Chinese Communist Party Units: Leaked Database

By Eva Fu Hundreds of Chinese Communist Party (CCP) members are embedded within the Chinese divisions of major U.S. corporations, from IBM to PepsiCo to 3M, a leaked ...

Hostile Reaction in Detroit Forced Election Official Into Hiding

By Charlotte Cuthbertson William Hartmann felt like he was stuck in a “Mission Impossible” movie when he left a Wayne County Board of Canvassers meeting ...

State GOP Lawmakers Call on Congress Members to Back Elector Challenge

By Ivan Pentchoukov Republican lawmakers in Mississipi, South Carolina and Alabama are lobbying fellow Republicans in U.S. Congress to block presidential electors from contested states ...

All Eyes on Congress as Lawmakers Vow to Oppose Electoral Votes

By Ivan Pentchoukov and Zachary Stieber President Donald Trump’s multilayered effort to challenge the results of the election is expected to culminate on Jan. 6, ...

New Mexico Sheriff Says He Won’t Enforce ‘Unconstitutional’ Health Order

By GQ Pan The sheriff of New Mexico’s largest county said over the weekend that he won’t enforce the state’s public health order, calling the governor’s ...

Meadows: Trump Met With Several Congress Members on Fraud, Will ‘Fight Back’

By Jack Phillips White House chief of staff Mark Meadows said President Donald Trump met with several members of Congress on alleged voter fraud and will “fight back.” “Several members ...

White House Adviser Navarro: 379,000 ‘Possibly Illegal Ballots’ Cast in Michigan

By Jack Phillips White House adviser Peter Navarro claimed in an interview on Monday that more than 379,000 possibly illegal ballots were allegedly cast in Michigan. “My top-line ...