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Healthcare

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Economy

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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

Economy

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Economy

How Major US Stock Indexes Fared May 7

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Healthcare

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Different Dietary Proteins Alter the Gut Microbiome Environment

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Economy

How Major US Stock Indexes Fared May 6

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Healthcare

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NATIONAL NEWS

Rep. Cheney Says Jan. 6 Committee Is ‘Fully Prepared’ to Subpoena Ginni Thomas

By Frank Fang Rep. Liz Cheney (R-Wyo.) suggested on July 24 that the Jan. 6 committee could subpoena Virginia “Ginni” Thomas, the wife of Supreme Court Justice Clarence ...

Suspected Attacker of Rep. Zeldin Arrested on Federal Assault Charge

By Hannah Ng The suspected attacker of Rep. Lee Zeldin (R-N.Y.) has been arrested on a federal assault charge, the Justice Department announced. David Jakubonis, 43, was arrested ...

Intelligence Committee Member Issues Warning on Possible Threat Targeting Americans’ DNA

By Jack Phillips A Democrat on the House Intelligence Committee has warned Americans to not use DNA testing services because their data could be collected to create ...

Philadelphia De-Prosecution Likely Caused 374 More Murders in 5 Years, Research Finds

By Cara Ding Progressive de-prosecution policies likely caused 374 more murders during a five-year span in Philadelphia, according to research by Thomas Hogan, an attorney ...

Trump Electrifies 5,000-Strong Young Conservatives Summit With Hint of Presidential Run

By Nanette Holt Former President Donald Trump didn’t say he would try to reclaim the White House in 2024 when he addressed young conservatives in Tampa on ...

Here Are the Senior Biden Officials Entangled in Durham’s Criminal Russiagate Probe

By Paul Sperry and RealClearInvestigations Several individuals connected to a 2016 Hillary Clinton campaign plot to cast Donald Trump as a covert Kremlin collaborator are working in high-level jobs within the ...

Sen. Josh Hawley Responds to Jan. 6 Criticism: ‘I Don’t Regret Anything I Did That Day’

By Ella Kietlinska and Joshua Philipp Sen Josh Hawley (R-Mo.) said he does not regret anything he did on Jan. 6, 2021, in response to criticism he has ...

Tech CEO Takes Stand for Truckers and Farmers in the US and Holland

By Nathan Worcester Jeff Brain, CEO of the CloutHub social networking application, told The Epoch Times that freedom and liberty are being crushed in the United States, ...

Documents Point to Stefan Halper Lying to FBI: Judge

By Zachary Stieber Evidence that has come to light indicated that British professor Stefan Halper is the confidential source who claimed to the FBI that ...

US Would Face ‘Deep and Immediate Recession’ If Chips from Taiwan Stop Flowing, Warns Commerce Secretary

By Bryan Jung The United States would face a “deep and immediate recession” if access to Taiwan’s computer chips plants are cut off, said Commerce Secretary Gina Raimondo ...

Fauci, Other US Officials Served in Lawsuit Over Alleged Collusion to Suppress Free Speech

By Zachary Stieber White House chief medical adviser Anthony Fauci, Surgeon General Vivek Murthy, and other top Biden administration officials have been served with discovery requests ...

Biden Tests Positive for COVID-19: White House

By Jack Phillips President Joe Biden tested positive for COVID-19, the White House confirmed in a statement on Thursday. Biden, 79, has received a total of four vaccine doses, including two ...