Nissan Layoffs 2024 Toyota. The rise of hevs had caught nissan unprepared. Nissan motor said thursday that it was planning deep cuts to its global operations as it seeks to reorient its business and recover ground lost in the growing markets for hybrid.

Nissan motor co.’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiraled, leaving the automaker no choice but to slash. Nissan is offering the buyouts to workers aged 52 or 55 years and up, depending on the department.