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Healthcare

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Turmeric Lowers Blood Pressure–How to Get the Most out of It

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Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

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Healthcare

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

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

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How Major US Stock Indexes Fared May 7

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Healthcare

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Economy

How Major US Stock Indexes Fared May 6

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NATIONAL NEWS

GOP Launches NARA Probe Over FBI Mar-a-Lago Raid

By Gary Bai Oversight GOP figures are requesting the National Archives and Records Administration (NARA) provide information on the Federal Bureau of Investigation’s (FBI) raid of former ...

‘Weaponized’ DOJ Undermines Citizens’ Faith in American Institutions: Rep. Mike Johnson

By Gary Bai The news about the FBI’s raid of former President Donald Trump’s Mar-a-Lago property rung vivid imageries of déjà vu in the mind of ...

Grassley Expresses Concerns to FBI Director After Mar-a-Lago Raid

By Mimi Nguyen Ly Sen. Chuck Grassley (R-Iowa) said he spoke with FBI Director Christopher Wray expressing his concerns over the agency’s conduct a day ...

‘Seems Political’: Andrew Cuomo, Andrew Yang React to FBI Raid on Trump’s Home

By Gary Bai Former Democratic presidential candidate Andrew Yang and former New York Governor Andrew Cuomo questioned the Department of Justice for authorizing the FBI to raid former President Donald Trump’s ...

‘Biden Knew All About This,’ Trump Says After Mar-a-Lago Home Raided by FBI

By Frank Fang Former President Donald Trump has criticized President Joe Biden, claiming that the administration had prior knowledge of the FBI raid on his Mar-a-Lago resort on ...

McConnell Says ‘Country Deserves Thorough and Immediate Explanation’ About Trump Residence Search

By Hannah Ng Senate Minority Leader Mitch McConnell (R-Ky.) has called for a “thorough and immediate explanation” in the wake of the FBI’s search at former President ...

Trump Releases Dramatic Political Video After FBI Raids Mar-a-Lago

By Caden Pearson Former President Donald Trump released a dramatic political video, hours after the FBI raided his Mar-a-Lago estate in Florida, in which he laments the “declining” state ...

FBI Agents Were Looking for Classified Records, Took Boxes of Documents From Trump Resort: Lawyer

By Zachary Stieber and Roman Balmakov The FBI agents who raided former President Donald Trump’s Florida resort were looking for certain records, according to a lawyer for Trump who was on ...

After Raid, Trump Determined to ‘Straighten This Country Out’: Graham

By Zachary Stieber Former President Donald Trump is determined to fix the United States after his residence was raided by the FBI, Sen. Lindsey Graham (R-S.C.) said on Aug. ...

Vought Laying Groundwork for Next GOP President to Neutralize Federal Swamp’s Bureaucracy

By Mark Tapscott Russ Vought, President Donald Trump’s former Office of Management and Budget (OMB) Director, had a plan, but too little time left in 2020 to restore ...

Republicans Warn Biden’s ‘Army of IRS Agents’ Is Coming

By Frank Fang Republicans are warning American middle-class families and small-business owners how they will soon be the targets of the Internal Revenue Service (IRS), once President ...

Pompeo, DeSantis Respond to FBI Raid at Trump’s Mar-a-Lago Home

By Katabella Roberts Former Secretary of State Mike Pompeo and other GOP leaders have responded to an FBI search of the 45th President’s Florida Mar-a-Lago home after ...