Nissan Laying Off 9K People, CEO Taking Major Pay Cut
The car industry hasn’t yet recovered from the COVID-19 pandemic, when there was a shortage of new cars. It has taken the car industry a few years to catch up.
By the time they did, they had too many cars and not enough buyers.
Nissan is one of the major car companies that is feeling the heat. So much, in fact, that they are making dramatic changes to the way they operate.
Nissan announced that they will be cutting 9,000 jobs — and get this — even the CEO has offered to take a 50 percent pay cut to help drive the point home, and hopefully help get the company back on track in the United States.
The major car manufacturer isn’t beating around the bush, either: They are saying they must take “severe measures” to turn the ship, or car, in this instance, around.
The workforce at Nissan isn’t the only thing getting cut — they are going to make 20 percent less cars and trucks moving forward.
“The company is implementing various measures to lower selling, general, and administrative expenses, decrease the cost of goods sold, rationalize its asset portfolio, and prioritize capital expenditures and investments in research and development,” a spokesperson for Nissan explains.
In addition to the CEO of Nissan, Makoto Uchida, other executive committee members have volunteered to take pay cuts. According to the BBC, Uchida personally made more than $4 million in 2022.
Country Artists’ Last Pre-Fame Regular Jobs — No. 5 Is UNEXPECTED!
We all know country artists for being … well, country artists. But the reality is, they are regular people just like we are. Before fame, they, too, held regular jobs out in the wild. Let’s take a look at country artist’s last pre-fame regular jobs, and see what they were up to before playing to sold out crowds.
Gallery Credit: Evan Rose
20 Things Carrie Underwood Has Done Since Winning ‘American Idol’
Carrie Underwood has been, well, busy since winning Season 4 of American Idol in 2005. Since the confetti fell, the country singer has released nine albums and embarked on seven tours. She’s also tried her hand at acting and launched a handful of businesses.
Over the years she’s become one of the biggest success stories to come out of the show, winning countless awards and amassing a staggering net worth of over $100 million.
Keep scrolling to see 20 things Underwood has done since her time on the reality singing competition.
Garth Brooks Sexual Assault Allegations Timeline
Gallery Credit: Billy Dukes
