Executive Branch - USNN World News

Immigration

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

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

Healthcare

Magnesium Could Relieve Fibromyalgia and Migraines, and How It Works

by USNN World NewsMay 7, 2025May 17, 2025

Healthcare

Different Dietary Proteins Alter the Gut Microbiome Environment

by USNN World NewsMay 6, 2025May 6, 2025

Economy

How Major US Stock Indexes Fared May 6

by USNN World NewsMay 6, 2025May 6, 2025

Healthcare

Silent Threats: How to Detect and Prevent Deadly Blood Clots Before It’s Too Late

by USNN World NewsMay 5, 2025May 5, 2025

Economy

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

by USNN World NewsMay 5, 2025May 5, 2025

Immigration

Trump Admin Says It Will Pay Illegal Immigrants $1,000 to Self-Deport

by USNN World NewsMay 5, 2025August 19, 2025

Healthcare

Study: Umbilical Cord Holds Answers to Future Disease

by USNN World NewsMay 4, 2025May 4, 2025

Healthcare

What Smart Scales Get Right And Wrong

by USNN World NewsMay 3, 2025August 8, 2025

NATIONAL NEWS

Passengers Will Soon Need Real ID to Board Domestic Flights, TSA Warns

By Bill Pan In less than a month, Americans without a star on their driver’s license may face potential delays or even be turned away ...

Federal Prosecutor Launches Probes of New Jersey Governor, Attorney General

By Samantha Flom The acting U.S. attorney for the District of New Jersey has opened investigations into the state’s governor and attorney general for allegedly ...

Maine Referred to DOJ for Allowing Transgender Athletes in Girls’ Sports

By Aaron Gifford The Department of Education has referred Maine to the Department of Justice after the state refused to end the participation of boys ...

Trump Authorizes Military to Take Control of Federal Land Along Southern Border

By Bill Pan President Donald Trump on Friday issued a memorandum authorizing the U.S. military to take control of a strip of federal land along ...

Trump Exempts Phones, Computers, Other Electronics From Reciprocal Tariffs

By Naveen Athrappully President Donald Trump exempted a range of everyday products, specifically in the electronic category, from reciprocal tariffs while importing into the United ...

US Crude Oil Exports Hit Record High: EIA

By Naveen Athrappully Exports of American crude oil surged last year to a new high, with Europe remaining a major customer for the United States, ...

Musk Says DOGE Expects to Save $150 Billion by Reducing Waste, Fraud

By Katabella Roberts Elon Musk said on Thursday that he expects the Department of Government Efficiency (DOGE) to save $150 billion from the federal budget ...

DHS Reminds Illegal Immigrants to Comply With Registration Mandate Before Deadline

By Bill Pan The Department of Homeland Security (DHS) is reminding those in the United States illegally to register with the government, following a legal ...

Goods at Sea Dodge Tariffs Until May, Those Warehoused Taxed When Taken

By John Haughey With a whirlwind of changes to U.S. tariffs, there’s a scramble to understand how the duties will impact goods in transit on ...

House Passes Bill to Require Proof of Citizenship to Vote

By Joseph Lord and Jackson Richman The House on April 10 gave the nod to a bill that would enhance documentation and identity requirements to ...

Six Die After Helicopter Crashes in the Hudson River Near Manhattan

By Jacob Burg A helicopter crashed into the Hudson River just off Manhattan on April 10, killing all six on board, authorities said. The incident occurred ...

FBI Investigates Vandalism of Tesla Charging Station in Washington State

By Bill Pan The Federal Bureau of Investigation (FBI) is investigating an incident that severely damaged a Tesla Supercharger station in Washington state, the latest ...