Nestle says it’s slashing 16,000 jobs over next 2 years
Nestle Announces Major Job Cuts and Restructuring Plan
Nestle, the renowned Swiss food giant known for its popular brands such as Toll House cookies, Nespresso coffee, Gerber baby products, and Perrier water, is set to undergo significant changes as it aims to adapt to a rapidly evolving market. The company’s new chief executive, Philipp Navratil, recently revealed plans to eliminate 16,000 jobs worldwide over the next two years in order to streamline operations and drive growth.
Navratil emphasized the need for Nestle to change at a faster pace to stay competitive in the current landscape. This strategic shift includes making tough decisions to reduce headcount and optimize resources for future success.
The announcement of the job cuts led to a surge in Nestle’s stock price, with shares rising by over 8% following the news. The restructuring efforts are projected to save the company one billion Swiss francs, double the initial target, with a focus on trimming 12,000 white-collar positions in addition to ongoing reductions in production and the supply chain.
As part of the revamped strategy, Nestle aims to increase its savings goal to three billion Swiss francs by 2027, up from the previous target of 2.5 billion. The multinational corporation, which boasts a portfolio of more than 2,000 brands including Kit Kat and Purina, is seeking to regain momentum after facing challenges in recent years.
Navratil’s appointment comes amidst a period of change for Nestle, marked by the abrupt departure of its former CEO and chairman. The leadership shake-up reflects the company’s commitment to reshaping its operations and overcoming obstacles that have hindered growth since 2022.
Despite facing setbacks such as a scandal related to its bottled water division in 2024, Nestle managed to achieve organic sales growth of 3.3% in the first nine months of 2025. This growth was primarily driven by price increases of 2.8%, signaling a positive trajectory for the company’s future performance.
