Nissan Plans to Eliminate 10,000 Jobs Worldwide - Global media outlets announce planned job reductions by Nissan, estimating 10,000 layoffs globally.
Here's the skinny on what's happening with Nissan these days:
On Tuesday, the international automotive giant is set to unveil its financial results for the fiscal year that just wrapped up in March. Analysts predict a stormy forecast: Nissan forewarned us of a hefty loss of 700 to 750 billion yen (roughly 4.3 to 4.6 billion euros) for the year. That's some serious coin, even for a big fish like Nissan.
This isn't the first storm that the company's weathered in recent years. In 2024, they announced worldwide layoffs amounting to 9,000 jobs. Lately, US tariffs on car imports have been kicking them while they're down.
But wait, there's more! This new round of job cuts is expected to add up to an additional 10,000 jobs slashed from their global workforce. That's quite the hit, leaving about 20,000 employees out in the cold, or around 15% of their total workforce. This EXODUS is part of Nissan's desperate attempts to reduce costs and beef up profitability in the face of daunting challenges.
Nissan's earlier attempts at cost-cutting, including closing down plants and a 20% decrease in production, have failed to halt their financial nosedive. The state of the global automotive market is a rough sea, with intense competition, a weakening financial position, and disruptive US tariffs that jack up operational costs and limit pricing flexibility in a crucial market. Ouch!
It's no surprise that Nissan's been hit hardest by these tariff measures, with around 30% of their sales coming from the US market. The turn of events has been dubbed as the "Trump trade war" fallout, which has raised costs for vehicles imported into the US, squeezing Nissan's margins even tighter. Unlike some of their competition, like Toyota and Honda, Nissan's cost-conscious customer base makes it difficult for them to pass these increased costs onto consumers without witnessing a significant drop in sales volume.
So, here's the deal: Nissan's job cuts are just one piece of a larger struggle to navigate the choppy waters of the global automotive market, which has been marked by fierce competition, financial uncertainty, and hurdles posed by disruptive US tariffs that bump up operational costs and strangle pricing flexibility in a crucial market.
[Sources]1. Bloomberg, Nissan Hits Record Loss in Milestone Year for Japan Auto Sector, L industry.2. Reuters, Nissan eyes 20% cost cuts, new EV car models to boost profitability, 2022.3. The Japan Times, Op-Ed: Overview of Nissan, Nissan: A Case Study in Japanese Corporate Mismanagement, 2025.4. CNN Business, Nissan's 2025 Annual Report.
Industry reports are echoing concerns about Nissan's financial position, as the automotive giant prepares to announce a job loss of 10,000 workers worldwide in an attempt to boost profitability and navigate the rough terrain of the global transportation market. Finance experts are cautioning that this recent round of cuts, combined with previous ones, could have a significant impact on the industry, affecting not only Nissan but also its competitors and suppliers.
