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flag Nissan plans to cut 20,000 jobs globally amid poor sales and a projected $5 billion loss.

flag Nissan plans to cut 20,000 jobs globally, or about 15% of its workforce, due to financial struggles and declining sales in key markets like the US and China. flag The company is facing a record annual loss of around $5 billion and is also canceling plans for a new EV battery plant. flag Nissan aims to streamline operations and reduce costs to return to profitability. flag The job cuts come after the company's failed attempt to merge with Honda.

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