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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

  • Ex-Trump Adviser John Bolton Responds to Claims of Chinese Spy Balloons During Trump PresidencyEx-Trump Adviser John Bolton Responds to Claims of Chinese Spy Balloons During Trump Presidency
    By Jack Phillips Former national security adviser John Bolton said that it would be problematic if alleged Chinese spy balloons transited over the United States under the ...
  • Military Experts Issue Warnings on Possible US-China Conflict After Spy Balloon Shot DownMilitary Experts Issue Warnings on Possible US-China Conflict After Spy Balloon Shot Down
    By Jack Phillips Several former military officials said that the United States could face significant shortfalls if there is ever a conflict with the Chinese ...
  • Federal Law Banning Marijuana Users From Having Firearms Is Unconstitutional, Judge RulesFederal Law Banning Marijuana Users From Having Firearms Is Unconstitutional, Judge Rules
    By Matthew Vadum A federal law barring marijuana users from possessing guns violates the Constitution, a federal judge in Oklahoma ruled. The decision cites last year’s landmark Supreme ...
  • Another Year of Net Migration Loss for California, New Data ShowsAnother Year of Net Migration Loss for California, New Data Shows
    By Jamie Joseph California experienced the largest net domestic outmigration of any state in 2022, with a decrease of 343,230 people, according to a real ...
  • NC Supreme Court Hands Win to GOP on Redistricting, Voter IDNC Supreme Court Hands Win to GOP on Redistricting, Voter ID
    By Tom Ozimek The North Carolina Supreme Court on Friday handed a victory to the state’s Republican legislators by siding with a petition that asked the high ...
  • Bipartisan Group of Montana Lawmakers Call Out Biden Admin for Handling of Chinese BalloonBipartisan Group of Montana Lawmakers Call Out Biden Admin for Handling of Chinese Balloon
    By Savannah Pointer A bipartisan group of Montana lawmakers called out the Biden administration for its response to the suspected Chinese surveillance balloon floating over ...
  • Facebook, Instagram Threaten to Restrict or Ban Project VeritasFacebook, Instagram Threaten to Restrict or Ban Project Veritas
    By Caden Pearson Facebook and Instagram have threatened to restrict or ban Project Veritas from their platforms, both owned by Meta, after a journalist confronted a senior YouTube ...
  • Montana Authorities Address ‘Massive Explosion’ Rumors in Sky Where Chinese Spy Balloon Was SpottedMontana Authorities Address ‘Massive Explosion’ Rumors in Sky Where Chinese Spy Balloon Was Spotted
    By Tom Ozimek Montana officials have issued a statement saying that reports of a “massive explosion” taking place in the sky near where a Chinese spy balloon was spotted ...
  • Trump Pledges ‘Peace Through Strength’ Unveiling His 2024 Hypersonic Defense PlanTrump Pledges ‘Peace Through Strength’ Unveiling His 2024 Hypersonic Defense Plan
    By Savannah Pointer Former President Donald Trump unveiled a new military policy as part of his 2024 presidential campaign this week, proposing to develop “a state-of-the-art, ...
  • Trump: Truth About ‘Fake News’ Reporting on ‘Russia Hoax’ Is Finally Coming OutTrump: Truth About ‘Fake News’ Reporting on ‘Russia Hoax’ Is Finally Coming Out
    By Janice Hisle Former U.S. President Donald Trump says he finally sees some truth emerging about “the fake news.” More than six years after the media began covering ...
  • House Subcommittee Discusses US Development of Satellite Technology and Protecting It From Rival ThreatsHouse Subcommittee Discusses US Development of Satellite Technology and Protecting It From Rival Threats
    By Ross Muscato A subcommittee of the House Committee on Energy and Commerce conducted a Feb. 2 hearing that focused on the use of emerging satellite technology ...
  • 368 Arrested, 131 Rescued in Sex Trafficking Operation in California368 Arrested, 131 Rescued in Sex Trafficking Operation in California
    By Jack Bradley Authorities arrested 368 people and rescued 131 victims involved in human trafficking in a weeklong statewide multi-agency task force, announced Feb. 1. “We ...
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