Nestlé to Sack 16,000 Staff in $3.7 Billion Cost-Cutting Overhaul
[NigerianEye - Nigeria] - 16/10/2025
Nestlé, the global food and beverage giant, revealed plans on Thursday to eliminate approximately 16,000 jobs worldwide over the next two years as part of a major cost-saving initiative targeting 3 billion Swiss francs ($3.7 billion) in savings by 2027.The layoffs, impacting 12,000 white-collar roles among others, are part of a broader restructuring to enhance efficiency through automation and shared services in response to evolving global market demands. “The world is changing, and Nestlé must adapt quickly,” said new CEO Philipp Navratil, who assumed the role last month after a (…)
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