Articles by USNN World News

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

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

NATIONAL NEWS

Most Americans Support Biden’s Student Loan Handout Until They Realize It Raises Taxes: Poll

By Bill Pan A majority of Americans would oppose President Joe Biden’s plan to “forgive” billions of dollars of federal student loan debt if it led to ...

Bill Making it Harder for Lawmakers to Object to Presidential Results Advances in Senate

By Mimi Nguyen Ly A measure that would reform the Electoral Count Act of 1887 and make it harder for members of Congress to object to or ...

Biden Administration’s Student Debt Relief Order Is Illegal: Lawsuits

By Zachary Stieber President Joe Biden’s administration has been hit with the first lawsuits against a recently unveiled order that would—unless blocked—cancel thousands of dollars in ...

Gun Control in Tough Spot in Increasingly Well-Armed America

By Petr Svab The dream of a gun-free America has never been more ephemeral. While calls for gun control still abound, their effectiveness is thrown ...

Politicians Behind COVID-19 Vaccine Mandates Should Be Brought to Justice: Maryland AG Candidate

By Allen Zhong Politicians who enacted strict COVID-19 measures including lockdowns and vaccine mandates should be brought to justice, says Republican Maryland Attorney General candidate Michael Peroutka. “Nothing could ...

Top Senators Press Wray, Garland on FBI Paying Primary Source for Anti-Trump Dossier

By Zachary Stieber Top U.S. senators are pressing the FBI’s director and the attorney general for answers on how the government paid the primary source for ...

FBI Accused of Misleading Judge in Warrant Request, Unlawfully Seizing $86 Million in Private Assets

By Naveen Athrappully Recently unsealed court documents appear to show that the FBI misled a U.S. magistrate judge in its request for a warrant to seize assets ...

21 Arrested in Child Sex Trafficking Operation in Arizona

By Charlotte Cuthbertson Local and federal law enforcement recently rounded up 21 suspects in Arizona who solicited and/or brokered deals for various sex acts with ...

Special Master Gives Trump a Minor Victory in Documents Case

By Jack Phillips Former President Donald Trump needs to disclose to a special master the names of lawyers and employees who will get access to documents and materials seized ...

FBI Whistleblower Comes Forward, Alleges Many Agents ‘Don’t Agree’ With Bureau’s Direction

By Jack Phillips An FBI whistleblower recently came forward and issued warnings about alleged politicization at the FBI, saying that the bureau is spying on law-abiding Americans and ...

‘On a Mission to Rescue the America We Love’: Highlights of Trump Rally in North Carolina

By Tom Ozimek Former President Donald Trump rallied in North Carolina on Sept. 23, seeking to build support for candidates he has endorsed while denouncing “radical left” ...

‘Meaningful Penalties’: Bill Banning Members of Congress and SCOTUS From Stock Trading Takes Shape

By Tom Ozimek Long-anticipated legislation that would ban lawmakers and other senior government officials from trading stocks got a boost on Thursday, as House Democrats released a legislative ...