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 Motor plans significant global job cuts, reducing its workforce by 15%, as it faces major financial losses. The Japanese carmaker anticipates a record net loss due to impairment charges for the financial year ending in March.

Nissan Motor Company (Nissan) has announced a sweeping restructuring plan in response to significant financial challenges. On Tuesday, the automaker revealed its intention to shutter seven global factories and lay off approximately 20,