<ul><li>Nissan plans to double its global job cuts to around 20,000 positions, which is more than double the original estimate of 9,000 layoffs.</li><li>The automaker downgraded its full-year projections for the fiscal year ending March 31, 2025, expecting a net loss between $700-$750 billion yen despite a forecasted revenue of about $85 billion.</li><li>Newly appointed CEO Ivan Espinosa attributes the significant net loss to major asset impairment and restructuring costs, emphasizing the need to stabilize the company.</li><li>While U.S. sales saw a 5.4 percent growth in 2024, Nissan used aggressive sales incentives and discounts, impacting profit margins and necessitating further cost-cutting measures.</li></ul>

Nissan’s Troubles Run Deeper Than Expected as Layoffs May Double

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