Espinosa has confirmed that Nissan will be cutting its global workforce by 20,000 employees from now until fiscal year 2027. This already includes the 9,000 announced earlier by Espinosa’s predecessor, Makoto Uchida. The workforce reduction will cover both direct and indirect roles and contractual roles in manufacturing, SG&A (selling, general, and administrative), and even R&D functions.

It will also pause advanced and post-fiscal year 2026 product activities to mobilize 3,000 people to focus on cost reduction efficiencies.

In the short term, Nissan will move to consolidate its vehicle production from 17 to just 10 globally by fiscal year 2027—four more closures than previously targeted. The first of these closures is one of Nissan’s Thailand assembly plants. The carmaker canceled a planned Lithium Iron Phosphate (LFP) battery plant located in Kyushu, Japan.

Espinosa has said that they will also revamp their product development processes by reducing engineering costs, complexity, and improving development speed. The carmaker will reduce parts complexity by 70 percent, while the integration and optimization of platforms will decrease the number of platforms from 13 to 7 by fiscal year 2035. The company will also advance its efforts to significantly shorten the development lead time of the first vehicle to 37 months and subsequent family vehicles to 30 months.

The first vehicles to benefit from these developments would be the all-new Skyline, an all-new global compact SUV, and an all-new Infiniti compact SUV.

Nissan will also reinforce its partnerships with alliance partners, Renault and Mitsubishi. Espinosa has confirmed that Nissan and Honda will also continue their collaboration in the field of vehicle intelligence and electrification as well.