USNN World News

National News

Supreme Court Clears Way for Mass Federal Layoffs

by USNN World NewsJuly 8, 2025July 8, 2025

Opinion

Universal Basic Income Is Coming: Are We Ready for a Jobless Future

by USNN World NewsJuly 2, 2025July 2, 2025

Economy

US Consumer Confidence Falls in June: Conference Board Index

by USNN World NewsJune 24, 2025June 24, 2025

Business

Amazon Warehouse Project Shut Down for Exceeding Height Limit

by USNN World NewsJune 17, 2025June 17, 2025

Economy

New York Fed Reports Drop in Consumer Inflation Concerns, Positive Shift in Job Market

by USNN World NewsJune 9, 2025June 9, 2025

Opinion

“One Big Beautiful Bill” or “Debt Slavery Act”? Inside the High-Stakes Battle Over Trump’s Economic Agenda

by USNN World NewsJune 7, 2025June 7, 2025

Economy

Job Openings Unexpectedly Jump to 7.39 Million in April: JOLTS

by USNN World NewsJune 3, 2025August 5, 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

National News

Key Takeaways From the April Jobs Report

by USNN World NewsMay 2, 2025June 5, 2025

Economy

US Job Openings Slide to 6-Month Low, Layoffs Fall

by USNN World NewsApril 29, 2025April 29, 2025

Immigration

Secretary of Labor Warns States Could Lose Federal Funding If Illegal Immigrants Get Unemployment Benefits

by USNN World NewsApril 27, 2025August 19, 2025

Economy

Swiss Pharma Company Announces $50 Billion US Investment, 12,000 New Jobs

by USNN World NewsApril 22, 2025May 11, 2025

NATIONAL NEWS

Joy Behar: Don’t tell Americans before you take their guns

By Nick Givas | Fox News Politicians seeking to confiscate guns from Americans shouldn’t share their plans with the public beforehand and should seek to maintain an element of surprise, Joy ...

Black conservative dismantles Michelle Obama’s ‘white flight’ theory

By Matt London | Fox News Black conservative Chicago native Gianno Caldwell picked apart recent controversial comments from former First Lady Michelle Obama, who claimed that “white folks” fled Chicago neighborhoods in the 1970s because black ...

Whitaker defends Trump, calls out Schiff’s unfair and ‘impartial’ process

By Fox News Former Acting Attorney General Matt Whitaker says Trump’s due process rights have been ignored and the whistleblower must come forward. https://youtu.be/Ycr-iwMG3JI

House Republicans plan to call Adam Schiff to testify in impeachment inquiry, say he is ‘fact witness’

By Brooke Singman | Fox News House Republicans plan to call Intelligence Committee Chairman Adam Schiff as one of their first witnesses in the impeachment inquiry against President Trump ...

‘Meet the Press’ asked voters in early primary states about impeachment, saw little support

By Nick Givas | Fox News NBC News’ “Meet the Press” took to the streets to ask voters in early primary states what they think of Democrats’ efforts to impeach President Trump, and ...

Mueller Report Contradicts Comey’s Testimony to Congress

By Petr Svab There’s a somewhat hidden discrepancy between the final report of former special counsel Robert Mueller about the Russia investigation and congressional testimony of ...

Liz Cheney calls on Nancy Pelosi to release impeachment transcripts, end ‘selective leaking’

By Adam Shaw | Fox News Rep. Liz Cheney, R-Wyo., on Friday called on House Speaker Nancy Pelosi to release the full transcripts of all depositions in ...

Grassley Received Classified Briefing on Acquisition By Chinese Firm Tied to Hunter Biden

By Ivan Pentchoukov Senate investigators in late October intensified their scrutiny of an acquisition by a Chinese firm tied to Hunter Biden of an American manufacturer of anti-vibration ...

Former Texas congressman Beto O’Rourke drops out of 2020 presidential race

By Vandana Rambaran | Fox News Former Texas Democrat congressman Beto O’Rourke announced Friday he is withdrawing from the 2020 presidential race, saying his “service to the ...

McCarthy: Trump’s best defense is that Democrats’ charges do not rise to the ‘level of impeachment’

By Julia Musto | Fox News President Trump’s best defense against impeachment is that the House Democrats’ charges do not rise to the level of impeachment, former U.S. Assistant Attorney Andy McCarthy said Friday. On ...

Stirewalt: Warren’s $52T ‘Medicare-for-all’ plan is a ‘disaster’ just like her DNA test release

By David Montanaro | Fox News Democratic presidential candidate Elizabeth Warren’s long-awaited “Medicare-for-all” funding plan is a “disaster” for her campaign, said Fox News politics editor Chris Stirewalt on Friday, comparing ...

Elizabeth Warren’s Medicare-for-all proposal would cost Jeff Bezos $7 billion

By Megan Henney FOXBusiness Elizabeth Warren’s sweeping proposal to overhaul the U.S. health-care system could cost Amazon CEO Jeff Bezos $7 billion. On Friday, the Democratic presidential candidate unveiled ...