It is no secret Nissan is struggling to outlive. A brand new report about potential job cuts suggests the state of affairs is even worse than beforehand thought. Late final 12 months, the Japanese model stated it could slash 9,000 jobs globally over the following couple of years. Now, the ultimate quantity could possibly be greater than double that determine.
Based on Nikkei Asia, Nissan will quickly announce plans to chop roughly 20,000 jobs, or round 15 p.c of its world workforce. The phrase may come as quickly as tomorrow, when the automaker presents its fiscal 12 months 2024 outcomes.
Picture by: Jeff Perez / Motor1
Nissan declined to touch upon the elevated layoffs when reached by Motor1.
The Japanese carmaker issued a revised outlook for FY2024, which ended on March 31, 2025. The corporate lowered full-year world gross sales quantity to three.35 million models and internet income to 12.6 trillion yen, or roughly $85 billion in US foreign money. That seems like quite a lot of money, however Nissan can also be spending loads—the automaker anticipates a internet loss between 700 and 750 billion yen, or about $5.3 billion earlier than all is alleged and accomplished.
In an announcement on April 24, Nissan’s new CEO Ivan Espinosa stated the corporate was revising its outlook primarily based on an intensive assessment of efficiency and manufacturing property. Nevertheless, there is not any particular point out of tariff impacts at the moment.
“We now anticipate a big internet loss for the 12 months, due primarily to a significant asset impairment and restructuring prices as we proceed to stabilize the corporate,” Espinosa stated. “Regardless of these challenges, we have now vital monetary assets, a robust product pipeline and the willpower to turnaround Nissan within the coming interval.”
Paradoxically, Nissan is definitely promoting vehicles. US gross sales had been up 5.4 p.c in 2024, nevertheless it required some hefty profit-stealing incentives to make it occur. That technique continues with the brand new Nissan One program, giving sellers money bonuses to fulfill gross sales targets—even when it means promoting vehicles at a loss.
