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Nissan increases job cuts to 20K by 2027

Japanese automaker Nissan expanded its planned job cuts after seeing a "challenging" FY 2024. The company is also working to mitigate the impact of President Donald Trump's tariffs.

Fox Business Briefs 5/8

Toyota says tariffs will erase $1.3 billion in profits; Krispy Kreme and Molson Coors withdraw 2025 outlooks; Match cost-cutting plans will result in 13% of its workforce being dumped.