The Japanese automaker is making deep cuts to navigate a steep decline in global sales, with layoffs, reduced production, and a renewed focus on EVs and hybrids.

TOKYO — Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S.

The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.