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Starting in late-July 2019, Nissan laid off 12,500 employees over three years, citing a 95% year on year net income fall. Hiroto Saikawa, CEO at the time, confirmed the majority of those cuts would be plant workers. [73] In May 2020, Nissan cut production capacity by 20% due to the COVID-19 pandemic. In mid-2020, the company shut down factories ...