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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

  • House Lawmaker Introduces Bill to Ban IRS From Buying AmmunitionHouse Lawmaker Introduces Bill to Ban IRS From Buying Ammunition
    By Jack Phillips Rep. Matt Gaetz (R-Fla.) on Friday introduced a bill in the House to bar the Internal Revenue Service (IRS) from acquiring ammunition. The bill (pdf), known as ...
  • Following Landmark Second Amendment Decision, SCOTUS Overturns Appeals Court Decisions in 4 StatesFollowing Landmark Second Amendment Decision, SCOTUS Overturns Appeals Court Decisions in 4 States
    By Matthew Vadum The Supreme Court followed up its June 23 landmark ruling that for the first time recognized a constitutional right to carry firearms ...
  • Texas Military Investigating Loaded M4 Carbine Found in Unguarded TruckTexas Military Investigating Loaded M4 Carbine Found in Unguarded Truck
    By Juliette Fairley A loaded semi-automatic M4 carbine was found unattended in a vehicle this week and is thought to belong to Texas Military Department (TMD) soldiers. But ...
  • Biden Spoke to Hunter About China Business Deals, Voicemail RevealsBiden Spoke to Hunter About China Business Deals, Voicemail Reveals
    By Rita Li A recovered voicemail reveals President Joe Biden called his son, Hunter Biden, in late 2018 to discuss a New York Times report on the latter’s ...
  • 4 Arrested, 2 Charged Over Deadly Smuggling Operation That Left 53 Dead in Texas4 Arrested, 2 Charged Over Deadly Smuggling Operation That Left 53 Dead in Texas
    By Caden Pearson Four people have now been arrested in connection with the people-smuggling operation that resulted in the deaths of 53 people in the back ...
  • Supreme Court Upholds Federal Anti-Discrimination Law Protecting VeteransSupreme Court Upholds Federal Anti-Discrimination Law Protecting Veterans
    By Matthew Vadum Texas violated a federal anti-discrimination law protecting veterans by refusing to rehire a former state trooper after he was injured in the Iraq War ...
  • Trump-Backed Boebert Wins Colorado Republican US House PrimaryTrump-Backed Boebert Wins Colorado Republican US House Primary
    By Nanette Holt Trump-backed Rep. Lauren Boebert (R-Colo.) easily blasted past her challenger, a veteran state lawmaker, to win the Republican primary on June 28. By 9:57 p.m. ...
  • Texas Attorney General Launches Investigation Into Walmart’s Prescription Opioid SalesTexas Attorney General Launches Investigation Into Walmart’s Prescription Opioid Sales
    By Katabella Roberts Texas Attorney General Ken Paxton said on Tuesday said he is investigating retail giant Walmart over potential violations of the Texas Deceptive Trade Practices Act relating to its ...
  • Oil and Coal Jobs Fall Sharply as Washington Promotes Green EnergyOil and Coal Jobs Fall Sharply as Washington Promotes Green Energy
    By Naveen Athrappully Jobs in the U.S. oil and coal industry fell in 2021 while employment expanded in the green energy sector, according to the ...
  • Ghislaine Maxwell Sentenced to 20 Years in PrisonGhislaine Maxwell Sentenced to 20 Years in Prison
    By Dave Paone NEW YORK—Ghislaine Maxwell, who was once an international, jet-setting socialite, was sentenced to 20 years in prison on June 28 for trafficking young ...
  • At Least 46 People Found Dead in a Truck Carrying Suspected Migrants in San AntonioAt Least 46 People Found Dead in a Truck Carrying Suspected Migrants in San Antonio
    By Mimi Nguyen Ly At least 46 people were found dead in an 18-wheeler truck carrying suspected illegal immigrants on a remote back road in ...
  • South Carolina Rep. in Leaked Audio Strategizes ‘Sleepers’ and ‘Dope Money’ to Finance Senate CampaignSouth Carolina Rep. in Leaked Audio Strategizes ‘Sleepers’ and ‘Dope Money’ to Finance Senate Campaign
    By Matt McGregor A South Carolina state representative on the ballot for the Democratic primary runoff on June 28 for the U.S. Senate has been heard in ...
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