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

Poll: Fewer Americans Care About Impeachment, Could Spell Trouble for Democrats

By Jack Phillips A new poll found that fewer Americans are closely following the impeachment inquiry as compared with several weeks ago.ADVERTISING The Hill/HarrisX poll released on ...

Lindsey Graham torches Schiff over impeachment tactics: He ‘is doing a lot of damage to the country, and he needs to stop.’

By Ronn Blitzer | Fox News Senate Judiciary Chairman Lindsey Graham, R-S.C., is preparing for a likely impeachment trial in the Senate, and he lambasted House Intelligence Committee Chairman Rep. ...

Investigative journalist: Why is Bill Clinton escaping scrutiny in Jeffrey Epstein case?

By Charles Creitz | Fox News Following a bombshell interview in which Virginia Roberts Giuffre claimed she was trafficked by Jeffrey Epstein and forced to have sex with Prince Andrew, an ...

Former Miami detective claims Jeffrey Epstein’s copilot disclosed details of his flights

By Charles Creitz | Fox News Private investigator Mike Fisten claimed one Jeffrey Epstein’s former copilots disclosed to him alleged details about trips on the disgraced money man and ...

Nunes blasts Schiff’s release of his phone records in impeachment probe, mulling legal options

By Ronn Blitzer | Fox News House Intelligence Committee Ranking Member Devin Nunes, R-Calif., is looking to fight back after Chairman Adam Schiff, D-Calif., subpoenaed and released his ...

Trump names Secret Service official Anthony Ornato as new deputy chief of staff for operations

By Morgan Phillips | Fox News President Trump named U.S. Secret Service Deputy Assistant Director Anthony Ornato as his new Deputy Chief of Staff for Operations on Saturday. “I ...

Naval Air Station shooter wrote anti-American and anti-Israeli tweets before rampage: report

By Paulina Dedaj | Fox News The Saudi national who opened fire in a classroom at a naval air station in Florida Friday morning, killing three before being shot dead by officers, wrote ...

Hero Naval Academy grad shot 5 times at Naval Air Station relayed crucial information before succumbing to injuries

By Paulina Dedaj | Fox News A young graduate of the U.S. Naval Academy, whose dream was to become a pilot, is being hailed a hero after he ...

Devin Nunes on phone record release: ‘We’re definitely going to take legal action’

By Julia Musto | Fox News House Intelligence Committee Ranking Member Devin Nunes, R-Calif., said Saturday that he would be pursuing legal action after his phone records were exposed in the release ...

Bloomberg dismisses complaints from his outlet’s reporters on 2020 coverage: ‘Your paychecks’ come with ‘restrictions and responsibilities’

By Joseph A. Wulfsohn | Fox News Former New York City Mayor Michael Bloomberg, who is a newly-entered 2020 Democratic candidate, dismissed criticisms ...

Impeachment witness who invoked Barron Trump floated by liberal group for Supreme Court

By Sam Dorman | Fox News A former Hillary Clinton aide’s organization has promoted Pamela Karlan — the Stanford professor who referenced ...

CNN ratings plummet to lowest primetime viewership in almost three years

By Brian Flood | Fox News CNN’s 24/7 Trump-bashing strategy doesn’t seem to be working. The beleaguered network’s primetime hosts Anderson Cooper, Chris Cuomo and Don ...