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

Fauci Reveals Exactly When He’s Leaving the Federal Government

By Jack Phillips White House COVID-19 adviser Anthony Fauci revealed that after about five decades in the federal government, he’s planning on leaving his position by the end of ...

Nancy Pelosi Responds After Husband’s Recent Stock Purchases

By Jack Phillips House Speaker Nancy Pelosi’s (D-Calif.) office responded to criticism about her husband’s purchase of semiconductor stocks ahead of Congress’s vote targeting the industry. “The ...

Stefanik Criticizes Jan. 6 Committee for Keeping Pelosi ‘Off-Limits’ From Probe

By Frank Fang House GOP Conference Chairwoman Rep. Elise Stefanik (R-N.Y.) has called out Rep. Bennie Thompson (D-Miss.), chair of the Jan. 6 Committee, questioning ...

Biden Hits Back After Saudi Official Makes Claim on Meeting With Crown Prince

By Jack Phillips President Joe Biden early Sunday disputed a claim that he didn’t accuse Saudi Arabia’s Crown Prince Mohammed bin Salman of orchestrating the killing of Washington Post ...

Former Trump Adviser Peter Navarro Rejects DOJ Plea Offer

By Mimi Nguyen Ly Former White House trade adviser Peter Navarro has declined a plea offer to plead guilty to a contempt of Congress charge, the lead federal ...

Biden Was Fed Pills to Function During Campaign, Supervised by Dr. Jill; Before Dosing Biden Was ‘Like a Small Child’: Tucker Carlson Source

By Kristinn Taylor Joe Biden’s cognitive function was so far gone that he was fed pills by staff supervised by his wife Jill to be ...

Lawmakers Say Mark Milley Needs to Answer Report He Broke Trump’s Chain of Command

By Jack Phillips Congressional lawmakers have asked Joint Chiefs of Staff Chairman Gen. Mark Milley to respond to claims that he cut off the chain of command while serving ...

Court Blocks Biden Admin From Punishing Unvaccinated Air Force Members

By Beth Brelje and Mimi Nguyen Ly A federal district court in Ohio has temporarily blocked the Biden administration from enforcing the COVID-19 vaccine mandate on thousands of U.S. Air ...

Trump Says He’s Made Up His Mind About 2024, But Unsure About Timing of Announcement

By Gary Bai Former President Donald Trump said he has made his decision about whether to run in 2024. In an interview with the New York Magazine published on July ...

Trump Family Responds After Ivana Trump’s Death Is Confirmed

By Jack Phillips Friends and family members issued responses on Thursday following the death of Ivana Trump, former President Donald Trump’s first wife. “I am very saddened to ...

Texas Sues Biden Administration Over Ordering Hospitals to Perform Abortions

By Zachary Stieber Texas on July 14 sued the federal government over a recent document that says abortions must be performed even if the procedures are not allowed ...

Jan. 6 ‘investigators’ caught in ‘pack of lies’

By Bob Unruh The partisan Jan. 6 investigation committee set up by House Speaker Nancy Pelosi – apparently to blame President Trump for that day’s ...