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Real News, Real Time

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
Trump Announces ‘Full And Comprehensive’ Trade Agreement With UK
Posted inBreaking News

Trump Announces ‘Full And Comprehensive’ Trade Agreement With UK

USNN World Newsby USNN World NewsMay 8, 2025June 7, 2025

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NATIONAL NEWS

  • Here’s What Trump Says Inflation Would Be Like If He Were Still PresidentHere’s What Trump Says Inflation Would Be Like If He Were Still President
    By Tom Ozimek Former President Donald Trump said on July 4 that the decades-high inflation that has battered American households would have never happened on his watch. In a post on the ...
  • Person of Interest in Illinois July 4 Parade Mass Shooting ArrestedPerson of Interest in Illinois July 4 Parade Mass Shooting Arrested
    By Allen Zhong The person of interest in the Highland Park, Illinois, July 4 parade mass shooting has been arrested, police said. Robert (Bobby) E. Crimo III, 22, was taken ...
  • Poll Shows More Americans Want Biden to Focus on Inflation Than Russia–Ukraine WarPoll Shows More Americans Want Biden to Focus on Inflation Than Russia–Ukraine War
    By Naveen Athrappully U.S. citizens are more interested in the Biden administration tackling inflation than focusing on helping Ukraine in its war against Russia, a ...
  • Jeff Bezos Responds After Biden Demands Gas Stations Lower PricesJeff Bezos Responds After Biden Demands Gas Stations Lower Prices
    By Jack Phillips Amazon founder and multi-billionaire Jeff Bezos criticized the Biden administration’s messaging around gas prices and rising inflation. On Saturday, President Joe Biden suggested on Twitter that gas ...
  • 6 Dead, 24 Injured During Mass Shooting at Chicago-Area July 4 Parade6 Dead, 24 Injured During Mass Shooting at Chicago-Area July 4 Parade
    By Jack Phillips Multiple people are feared dead after a mass shooting during a Fourth of July parade in a Chicago suburb, officials said. Six people were killed ...
  • The United States of America’s Independence DayThe United States of America's Independence Day
    By The USNN World News Team Independence Day, also called Fourth of July or July 4th, in the United States, the annual celebration of nationhood. It commemorates the passage of the Declaration ...
  • Missouri Requires Photo ID, Bans Ballot Drop Boxes in Election Law OverhaulMissouri Requires Photo ID, Bans Ballot Drop Boxes in Election Law Overhaul
    By Allen Zhong Missouri Gov. Mike Parson signed a new election law on Wednesday that will require a voter to show a photo ID to vote in the ...
  • FBI Says More People Using ‘Deepfake’ Technology to Apply for JobsFBI Says More People Using ‘Deepfake’ Technology to Apply for Jobs
    By Nicholas Dolinger The FBI has published a new statement warning about the increasingly prevalent use of “deepfake” technology in job interviews, allowing users to assume the ...
  • Supreme Courts in Texas, Ohio Block Efforts to Reinstate Access to AbortionsSupreme Courts in Texas, Ohio Block Efforts to Reinstate Access to Abortions
    By Mimi Nguyen Ly Texas’s and Ohio’s Supreme Courts have given the go-ahead for the states to enforce their respective state laws that ban abortion, blocking efforts ...
  • California Gives Free Healthcare to Illegal ImmigrantsCalifornia Gives Free Healthcare to Illegal Immigrants
    By Jamie Joseph SACRAMENTO—California is now the only state in the U.S. to offer free healthcare to all low-income illegal immigrants after Gov. Gavin Newsom signed ...
  • ‘Swarm’ of Earthquakes Hitting South Carolina Are Getting Stronger‘Swarm’ of Earthquakes Hitting South Carolina Are Getting Stronger
    By Jack Phillips A so-called earthquake “swarm” that is hitting South Carolina appears to be getting stronger, researchers said this week. Two earthquakes with a magnitude of 3.5 and 3.6, ...
  • Rep. Andy Biggs Blows Whistle On ATF ‘Anti-Gun Agenda’ Targeting Law-Abiding Firearm DealersRep. Andy Biggs Blows Whistle On ATF ‘Anti-Gun Agenda’ Targeting Law-Abiding Firearm Dealers
    By Joseph Lord Rep. Andy Biggs (R-Ariz.) in a June 29 letter demanded answers from the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) about ...
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