Nissan plans 9,000 job cuts, slashes annual profit outlook by 70%

Nissan Motor announced cost-saving measures on Thursday, including 9,000 job cuts and a 20% reduction in global production capacity. The automaker also slashed its annual profit outlook for the second time this year, citing headwinds in major markets like China. CEO Makoto Uchida emphasized that these measures aim to make Nissan leaner and more resilient, not smaller.