Nissan is slashing 9,000 jobs after a dire financial performance

Group 1 - Nissan is cutting 9,000 jobs globally to reduce costs [1][2] - Sales volumes decreased year-on-year to 1.6 million cars, impacted by higher selling and production costs, particularly in the US [3][4] - Profit for the quarter ending in September was 32 million yen (approximately $208 million), significantly down from$1.4 billion reported in the same period last year [3] Group 2 - The company is reducing production capacity by 20% [4] - CEO Makoto Uchida and other executives will take voluntary pay cuts, with Uchida forfeiting 50% of his monthly compensation [4] - Nissan had 133,580 employees as of March 31, but the distribution of job cuts among the global workforce is not yet clear [5]