Nestle Announces Major Restructuring: 16,000 Jobs to Be Cut Globally Under New CEO's Transformation Strategy

Oct 16, 2025 05:20 pm CST

Nestle plans to eliminate 16,000 jobs worldwide over the next two years as part of a major restructuring effort under new CEO Philipp Navratil. This strategic move aims to save one billion Swiss francs, with 12,000 white-collar positions affected. The announcement comes amid declining sales and follows recent leadership challenges, including a bottled water controversy in France and executive departures.