Nissan to cut 12,500 jobs worldwide after profit loss

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Nissan reported today that it will cut 12,500 jobs worldwide as part of a plan to revive the company after its profit took a deep plunge. Nissan reported a 94.5 percent drop in net profit for the April to June period, with revenue falling about 13%. Yahoo Finance’s Dan Roberts, Kristin Myers, Sibile Marcellus and Rick Newman discuss.

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