Articles by USNN World News

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

World

What We Know About the India–Pakistan Conflict

by USNN World NewsMay 8, 2025June 26, 2025

Breaking News

Robert Francis Prevost Elected as First American Pope

by USNN World NewsMay 8, 2025May 8, 2025

Breaking News

Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library

by USNN World NewsMay 8, 2025May 26, 2025

NATIONAL NEWS

Kellyanne Conway Breaks Silence on Michael Cohen’s Trump Allegations

By Jack Phillips Former White House adviser Kellyanne Conway disputed allegations made by former President Donald Trump’s attorney Michael Cohen that are being investigated by ...

Arizona Supreme Court Breathes New Life Into Key Part of Kari Lake’s Election Lawsuit

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Trump Lawyer Says Manhattan DA Bragg Should Be Investigated, Ethics Complaint Filed

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TikTok a CCP ‘Intelligence Weapon’: Experts Sound Alarm on Threat

By Andrew Thornebrooke News Analysis Social media giant TikTok is aggressively lobbying in Washington ahead of congressional hearings on the company’s ties to China’s communist regime. TikTok ...

‘Totally Exculpatory’: Trump Reveals Cohen Attorney Letter He Says Will Undercut Manhattan DA’s Case

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Manchin Says Biden’s ‘Radical’ ESG Agenda Is ‘Absolutely Infuriating,’ Undermines National Security

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DeSantis Says He Could Win in 2024, but Stops Short of Announcing a Run

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Trump Says Key Witness ‘Told the Truth’ and Left ‘Great’ Impression on Manhattan Grand Jury

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Senate Votes to Begin Debate on Bill Repealing Iraq War Authorizations

By Jackson Richman The Senate voted on March 21 to advance a repeal of two U.S. authorizations for military action against Iraq. The upper congressional chamber ...

Ahead of Potential Trump Indictment Manhattan DA Faces Questions Over ‘Tenuous and Untested’ Legal Theory

By Janice Hisle America’s 45th president, Donald Trump, appears poised to become the nation’s first president to be indicted on criminal charges. Such a prosecution ...

Judge Blocks 1999 California Law Requiring Specific Safety Features for Handguns

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House Republicans Demand Testimony From Manhattan DA Behind Potential Trump Arrest

By Joseph Lord House Judiciary Committee Chairman Jim Jordan (R-Ohio) is demanding answers from a New York district attorney reportedly planning to arrest former President ...