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Real News, Real Time

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
Robert Francis Prevost Elected as First American Pope
Posted inBreaking News

Robert Francis Prevost Elected as First American Pope

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library
Posted inBreaking News

Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library

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

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NATIONAL NEWS

  • White House Quiet on IRS Agent’s Visit to Home of ‘Twitter Files’ Journalist Matt TaibbiWhite House Quiet on IRS Agent’s Visit to Home of ‘Twitter Files’ Journalist Matt Taibbi
    By Tom Ozimek The White House on Wednesday remained silent when asked whether a visit by an IRS agent to “Twitter Files” journalist Matt Taibbi’s ...
  • Evacuation Ordered as Train Carrying Flammable Materials Derails in Minnesota, Catches FireEvacuation Ordered as Train Carrying Flammable Materials Derails in Minnesota, Catches Fire
    By Tom Ozimek A freight train traveling through Minnesota derailed in a fiery crash near the town of Raymond, prompting an evacuation of area residents. The ...
  • FBI, US Marshals Offering US$20,000 Reward in Manhunt for Former Maryland Gov. Larry Hogan’s Chief of StaffFBI, US Marshals Offering US$20,000 Reward in Manhunt for Former Maryland Gov. Larry Hogan’s Chief of Staff
    By Ryan Morgan The FBI and the U.S. Marshals Service are offering a combined US$20,000 reward for information leading to the arrest of Roy McGrath, ...
  • DOJ Memos Dissuaded Marshals From Arresting Protestors at SCOTUS Justices’ Homes: Sen. Katie BrittDOJ Memos Dissuaded Marshals From Arresting Protestors at SCOTUS Justices’ Homes: Sen. Katie Britt
    By Joseph Lord A Senate Republican revealed during a March 28 budget hearing that an internal Department of Justice (DOJ) memo dissuaded U.S. Marshals from ...
  • Trump Praises Manhattan Grand Jury, Says He’s ‘Gained Such Respect’Trump Praises Manhattan Grand Jury, Says He’s ‘Gained Such Respect’
    By Jack Phillips Former President Donald Trump praised the grand jury impaneled in the Manhattan district attorney’s inquiry targeting him amid reports that he may ...
  • Arkansas Sues Meta, TikTok for Designing ‘Addictive’ Platforms, Exposing Personal DataArkansas Sues Meta, TikTok for Designing ‘Addictive’ Platforms, Exposing Personal Data
    By Katabella Roberts Social media giants Meta and TikTok are being sued by the state of Arkansas for allegedly intentionally designing their platforms to be ...
  • Supporters at Texas Rally See More ‘Determined’ TrumpSupporters at Texas Rally See More ‘Determined’ Trump
    By Janet Hisle WACO, Texas—Some of Donald Trump’s biggest supporters sense a shift in the former president’s tone. During his 2024 campaign kick-off speech in Texas this past ...
  • Tennessee Mourns Day After Nashville Christian School ShootingTennessee Mourns Day After Nashville Christian School Shooting
    By Chase Smith NASHVILLE, Tenn.—Prayers, hugs, flowers, tears. All those things flowed on Tuesday outside of The Covenant School, the private Christian elementary school in ...
  • Investigation Launched Into Alvin Bragg’s ‘Abusive and Partisan’ Pursuit of TrumpInvestigation Launched Into Alvin Bragg’s ‘Abusive and Partisan’ Pursuit of Trump
    By Tom Ozimek America First Legal (AFL) has launched an investigation into the Manhattan District Attorney’s Office’s “abusive and partisan” pursuit of former President Donald ...
  • Investigation Reveals ‘Revolving Door’ of DOJ, Big Tech EmployeesInvestigation Reveals ‘Revolving Door’ of DOJ, Big Tech Employees
    By Kevin Stocklin In the midst of an ongoing lawsuit against the Biden administration alleging collaboration with social media companies to censor Americans, a new report has ...
  • Here’s What We Know About the Covenant School Shooting SuspectHere’s What We Know About the Covenant School Shooting Suspect
    By Jack Phillips Officials have identified the suspect in Monday’s Nashville Christian school shooting incident as 28-year-old Audrey Hale and Nashville Police released surveillance footage ...
  • California City Caught in National Controversy Over Critical Race TheoryCalifornia City Caught in National Controversy Over Critical Race Theory
    By Brad Jones Heightened tensions among opposing sides regarding the teaching of critical race theory—or its underlying tenets—in K–12 schools erupted into chaos at a ...
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