In response to underperformance in its key markets, Nissan has recently intensified its cost-cutting initiatives. The company has introduced a voluntary severance program for its US workforce and put a hold on merit-based salary increases worldwide. Specifically, Nissan has extended severance offers to employees at its Canton plant in Mississippi, USA, as well as to salaried staff in several crucial departments. This strategic move is aimed at reducing expenses and addressing the challenges posed by waning performance. Nissan emphasized that these actions are part of a broader restructuring plan designed to bolster its competitive edge and ensure sustainable growth in the long run.