Nissan Announces 12,500 Layoffs As Profits Plunge

Nissan Announces 12,500 Layoffs As Profits Plunge

Nissan has announced that the company will layoff 12,500 people globally after their profits plunged 98.5%. The Japanese carmaker will cut production capacity by around 10% by the end of 2022 as sales fell in a number of its major markets. These layoffs will account...