Nestle Layoffs: Swiss food and beverage giant Nestle announced plans to cut 16,000 jobs globally over the next two years, as part of a broader effort to focus on high-return products and improve operational efficiency.

The company’s new CEO, Philipp Navratil, who replaced Laurent Freixe in September, emphasised the need for Nestlé to “change faster” and adopt a performance mindset to maintain its market leadership.

Nestle Layoffs: Who Will Be Affected?

Of the total reductions, 12,000 positions will be white-collar roles, while the remaining 4,000 jobs will come from manufacturing, supply chain, and other areas.

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The company expects these cuts to save around CHF 1 billion annually by 2027. One-off restructuring costs are expected to be approximate

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