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Category: Executive Branch

The Executive Branch of the United States Government

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

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

USNN World Newsby 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.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April
Posted inEconomy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

USNN World Newsby USNN World NewsMay 8, 2025May 12, 2025
How Major US Stock Indexes Fared May 7
Posted inEconomy

How Major US Stock Indexes Fared May 7

USNN World Newsby USNN World NewsMay 7, 2025May 7, 2025
Magnesium Could Relieve Fibromyalgia and Migraines, and How It Works
Posted inHealthcare

Magnesium Could Relieve Fibromyalgia and Migraines, and How It Works

USNN World Newsby USNN World NewsMay 7, 2025May 17, 2025
Different Dietary Proteins Alter the Gut Microbiome Environment
Posted inHealthcare

Different Dietary Proteins Alter the Gut Microbiome Environment

USNN World Newsby USNN World NewsMay 6, 2025May 6, 2025
How Major US Stock Indexes Fared May 6
Posted inEconomy

How Major US Stock Indexes Fared May 6

USNN World Newsby USNN World NewsMay 6, 2025May 6, 2025
Silent Threats: How to Detect and Prevent Deadly Blood Clots Before It’s Too Late
Posted inHealthcare

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

USNN World Newsby USNN World NewsMay 5, 2025May 5, 2025
Oil Prices Sink After OPEC+ Agrees to Boost Production in June
Posted inEconomy

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

USNN World Newsby USNN World NewsMay 5, 2025May 5, 2025
Trump Admin Says It Will Pay Illegal Immigrants $1,000 to Self-Deport
Posted inImmigration

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

USNN World Newsby USNN World NewsMay 5, 2025August 19, 2025
Study: Umbilical Cord Holds Answers to Future Disease
Posted inHealthcare

Study: Umbilical Cord Holds Answers to Future Disease

USNN World Newsby USNN World NewsMay 4, 2025May 4, 2025
What Smart Scales Get Right And Wrong
Posted inHealthcare

What Smart Scales Get Right And Wrong

USNN World Newsby USNN World NewsMay 3, 2025August 8, 2025

Posts pagination

Newer posts 1 … 13 14 15 16 17 … 238 Older posts

NATIONAL NEWS

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  • House Passes Landmark Stablecoin Bill, Sends It to Trump’s DeskHouse Passes Landmark Stablecoin Bill, Sends It to Trump’s Desk
    By Andrew Moran and Nathan Worcester House lawmakers passed a landmark stablecoin bill on July 17 in a vote of 308–122, sending it to President ...
  • Trump Admin Cancels Funding for California’s High-Speed Rail ProjectTrump Admin Cancels Funding for California’s High-Speed Rail Project
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  • Senate Approves Trump’s $9 Billion Spending Cut PackageSenate Approves Trump’s $9 Billion Spending Cut Package
    By Joseph Lord The U.S. Senate on July 16 voted to pass $9 billion in spending cuts requested by President Donald Trump, including cuts to ...
  • 7.3 Magnitude Earthquake Hits Off Alaska Coast; Tsunami Warning Issued7.3 Magnitude Earthquake Hits Off Alaska Coast; Tsunami Warning Issued
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  • Senate Advances Trump’s $9 Billion Spending Cut Bill as Vance Casts Tie-Breaking VoteSenate Advances Trump’s $9 Billion Spending Cut Bill as Vance Casts Tie-Breaking Vote
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