Nissan Slashes 11,000 More Jobs as Turnaround Struggles Deepen

Nissan will cut an additional 11,000 jobs and scale back production following a year of wiped-out profits, the company announced.

The automaker’s sales have plummeted in key markets, particularly the United States and China. I Photo: Nissan Global

The cuts come on top of the 9,000 layoffs announced in November and underscore the steep challenges facing new CEO Ivan Espinosa, who took over just a month ago, Reuters' Nick Carey reported.

The automaker’s sales have plummeted in key markets, particularly the United States and China. A failed merger bid with Honda earlier this year—which collapsed after Nissan insisted on a “union of equals”—led to the ouster of former CEO Makoto Uchida.

Analysts point to former Chairman Carlos Ghosn’s aggressive push for volume over value as a root cause of Nissan’s troubles, leaving it with an outdated product lineup.

Nissan is also under pressure from rising U.S. tariffs and competition from fast-expanding Chinese EV makers, especially in Southeast Asia. The company has withdrawn its earnings forecast for the year, and Espinosa has called the results a “wake-up call,” but acknowledges recovery will take time.