Nissan Motor Co. $7201.T, Japan’s third-largest automaker, is implementing a sweeping cost-cutting initiative that will eliminate more than 10,000 jobs worldwide. With this new round of layoffs, the total workforce reduction will reach approximately 20,000 positions—representing about 15% of the company’s global headcount. This development, reported by NHK, underscores Nissan’s urgent efforts to restore operational efficiency and financial sustainability following sharp sales declines in key markets, particularly China and the United States.