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FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring

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Immigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

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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

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NATIONAL NEWS

Lawsuit Seeks Removal of Judge Who Approved Warrant for FBI Trump Raid

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Department of Justice Releases Robert Mueller-Era Memo on Trump

By Jack Phillips The Justice Department on Wednesday released a 2019 memo that revealed why former President Donald Trump should not be prosecuted for obstruction of justice in ...

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Pelosi’s Husband Paul Pleads Guilty to DUI After Arrest

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Biden Administration Asked National Archives to Let FBI Access Boxes From Mar-a-Lago: Letter

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Fauci’s Resignation ‘Good News for America’: Rep. Buddy Carter

By Andrew Thornebrooke Following Dr. Anthony Fauci announcing his resignation, Republicans have vowed Congressional investigations into his conduct if they win majority in the House and Senate in ...

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Trump Files Motion Seeking to Prevent DOJ Access to Mar-a-Lago Records Until ‘Special Master’ Appointed

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Parents Say They’ve Been Harassed, Stalked, and Doxed for Criticizing School Boards

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By Jack Phillips A former White House adviser, Stephen Miller, accused the Biden administration of turning the United States into the “world’s epicenter” of child trafficking due ...

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By Jack Phillips Former White House adviser Jared Kushner gave his first interview following the FBI raid targeting the home of his father-in-law, former President Donald Trump, on ...

Paul Pelosi-Linked Business Has Millions in PPP Loans Forgiven

By Jack Davis, The Western Journal The Paycheck Protection Program created to help small businesses survive the pandemic by doling out loans to help them ...