USNN World News

Economy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

by USNN World NewsMay 13, 2025October 29, 2025

Economy

US Inflation Slows to Lowest Level Since February 2021

by USNN World NewsMay 13, 2025May 13, 2025

Economy

Markets Rally After US, China Announce 90-day Tariff Reductions

by USNN World NewsMay 12, 2025May 12, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by USNN World NewsMay 10, 2025May 10, 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

Economy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

by USNN World NewsMay 8, 2025May 12, 2025

Economy

How Major US Stock Indexes Fared May 7

by USNN World NewsMay 7, 2025May 7, 2025

Economy

How Major US Stock Indexes Fared May 6

by USNN World NewsMay 6, 2025May 6, 2025

Economy

Oil Prices Sink After OPEC+ Agrees to Boost Production in June

by USNN World NewsMay 5, 2025May 5, 2025

Economy

Market Review: S&P 500 and Dow Achieve Nine-Day Rally

by USNN World NewsMay 3, 2025May 3, 2025

Economy

Trump Says Americans Should Be Patient After US Economy Contracts

by USNN World NewsApril 30, 2025June 5, 2025

Economy

US Job Openings Slide to 6-Month Low, Layoffs Fall

by USNN World NewsApril 29, 2025April 29, 2025

NATIONAL NEWS

Judge Rules Georgia Must Make ‘Reasonable Effort’ to Inform Residents About Registration

By Katabella Roberts A federal judge has denied an effort to restore 98,000 Georgia voters to the state’s electoral rolls. They were removed because they didn’t ...

Mike Pompeo: Running for Senate ‘Not Something I Want to Do’

BY ZACHARY STIEBER Former Congressman and current Secretary of State Mike Pompeo said on Dec. 30 he wasn’t ruling out running for a U.S. Senate seat ...

Too Late, Jackasses: NYT and WaPo Editors: We Cannot be Dismissive Of Trump Voters With Our Coverage, ‘They Are Owed Our Respect’ (VIDEO)

By Jim Hoft TheGatewayPundit.com Sorry, jackasses.That ship has sailed. New York Times executive editor Dean Baquet and Washington Post executive editor Marty Baron went on with ...

Newly released JFK files reveal Democrat President Lyndon Johnson was a member of the KKK, which was run by Democrats

By Jayson Veley NaturalNews.com Since President Trump released roughly 2,800 previously classified documents on the assassination of John F. Kennedy last week, media outlets within ...

NBC’s Meet the Press Libels The Gateway Pundit, Rush Limbaugh, Drudge, Infowars and FOX News for Spreading “Intentionally Bad Information”

By Kristinn Taylor TheGatewayPundit.com NBC’s Meet the Press and host Chuck Todd libeled The Gateway Pundit Sunday morning with a graphic prepared by NBC reporter ...

In 2020, DC will be mostly about politics, not legislation

By Chad Pergram | Fox News This is around the time of the winter break that children have busted most of the toys they acquired for Christmas ...

California businesswoman welcomes Trump intervention on state’s growing homelessness crisis

By Joshua Nelson | Fox News A California business owner said she was relieved to see President Trump issuing a warning to Gov. Gavin Newsom on Wednesday, threatening federal intervention if ...

Texas church shooting gunman had ‘something not right’ about him, witness says; ex-FBI agent reportedly shot suspect

By Travis Fedschun | Fox News The gunman who pulled out a shotgun during a church service in Texas on Sunday and opened fire on worshipers appeared to be in disguise when he ...

Reports: 2 Dead, 1 Injured in Church Shooting in Texas

By Jack Phillips At least two people were killed and one person is in critical condition following a shooting at a church in Texas on ...

Illegal immigrant accused of killing mom of three on Christmas Eve walks free without posting bail

By Gregory Hoyt Law Enforcement Today LONG ISLAND, NY – New York’s bail reform law has already caused immense grief and pain for the families of ...

LA Deputy District Attorneys Association Raises Concerns Over Soros-Backed DA Candidates

By Janita Kan The president of an association representing nearly 1,000 deputy district attorneys (DA) in Los Angeles has raised concerns about an ongoing effort by special interest ...

Biden Discloses List of Top Donors Including 8 Former US Ambassadors

By Allen Zhong Former Vice President Joe Biden released a list of donors who have raised at least $25,000 for his 2020 presidential campaign, including ...