Japanese automaker joins other automakers in pointing to new U.S. tariffs as weighing on their financial results.

Nissan just released its profits for the 2024 fiscal year, and they're not great. In fact, the beleaguered Japanese automaker might have to lay off twice as many people as it initially projected last month,

Nissan Motor plans to cut around 20,000 jobs worldwide—more than twice the 9,000 announced in late 2024—as part of a sweeping restructuring effort aimed at reversing declining sales and long-term underperformance.

Nissan layoffs in 2025 will see 20,000 workers affected with more changes coming as a result of the new CEO at the helm.

Nissan on Tuesday announced it will close seven of its global vehicle plants and slash its workforce by 20,000 by 2027 as part of a major cost-saving drive to save the company.

Nissan, meanwhile, also announced that it’s cutting 11,000 jobs and closing seven factories amid weak sales. That will bring the total number of layoffs at Nissan to 20,000 in the past year, which equals about 15% of its workforce. Both companies sell a ...