Nissan Motor Co. has embarked on a cost-cutting initiative by offering buyouts to its US employees and suspending merit raises globally. According to internal emails reviewed by Reuters, this strategic shift stems from the automaker's underperformance in key markets. Earlier this month, Chief Executive Officer Ivan Espinosa announced plans to shutter seven production facilities worldwide and eliminate an additional 11,000 jobs, bringing the total anticipated job reductions to approximately 20,000.
