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

Fear of Trump 2024 Run is Driving Jan. 6 Committee’s Potential Indictment of Former President: Defense Attorney

By John Ransom A criminal defense attorney who is defending five people charged with crimes related to the events of Jan. 6 told the Epoch ...

Here’s who will lead House investigations of Biden if Republicans win the majority

By Sarah Westwood, Investigative Reporter House Republicans are heavily favored to win the majority for the first time in four years. President Joe Biden’s low approval ratings ...

Former White House National Security Adviser John Bolton Says He Helped Plan Attempted Foreign Coups

By Katabella Roberts John Bolton, the former White House national security adviser for the Trump administration, has claimed that he previously helped plan attempted coups of foreign ...

‘Very Unfavorable’ Political Scenario Appears to Be Taking Shape for Democrats

By Jack Phillips An unfavorable midterm election scenario is taking shape for Democrats as inflation and gas prices remain exceptionally high as some left-wing news outlets appear ...

Gold Prices Hits Lowest Level in Nine Months

By Naveen Athrappully Gold prices weakened in Tuesday trade to its lowest level in nine months, while the dollar strengthened ahead of the crucial U.S. inflation ...

‘Ironic’ for Biden to Beg Saudi Arabia for Oil but Label American Producers ‘Criminals’: Ex-GOP Senator

By Tom Ozimek Former Sen. Judd Gregg (R-N.H.) has called President Joe Biden’s upcoming visit to Saudi Arabia “ironic” in light of the president’s sharp criticism ...

Landmark Supreme Court Ruling Ushers in New Era of Gun Debate

By Cara Ding In modern U.S. history, you can count on one hand the number of Supreme Court cases that clarify what the Second Amendment really means. ...

Biden Says He’s ‘Determined’ to Renew ‘Assault Weapons’ Ban

By Jack Phillips President Joe Biden on Monday said he wants to implement a new ban on “assault weapons” as he touted the Safer Communities Act at ...

Top GOP Senator: Not Enough Democrats’ Can Help Liz Cheney Win Primary

By Jack Phillips A top Republican senator has proclaimed there are “not enough Democrats” to help Rep. Liz Cheney (R-Wyo.) win the GOP primary in August. Sen. John ...

Another White House Official Is Leaving the Biden Administration

By Jack Phillips White House Communications Director Kate Bedingfield is stepping down from her position, according to the Biden administration’s chief of staff. In a statement released on July 6, ...

Republicans Demand Biden Administration Apologize to Border Patrol Agents

By Frank Fang Republican lawmakers and Texas Attorney General Ken Paxton are calling on the Biden administration to apologize to Border Patrol agents, after a ...

Biden’s Selling of Oil From Reserve to Hunter Biden-Tied Chinese Firm ‘Impeachable’

By Eva Fu The Biden administration’s move to sell nearly 1 million barrels of oil reserves to China “defies all common sense” and is benefiting U.S. adversaries at the ...