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Global consumer goods leader the Swiss conglomerate has declared it will remove 16,000 jobs within the coming 24 months, as the recently appointed chief executive Philipp Navratil advances a strategy to concentrate on products offering the “highest potential returns”.
This multinational corporation must “change faster” to remain competitive in a evolving marketplace and adopt a “results-oriented culture” that rejects ceding ground to competitors, said Mr Navratil.
He took over from ex-chief executive Laurent Freixe, who was let go in September.
The job cuts were revealed on the fourth weekday as the corporation reported better revenue numbers for the first three-quarters of 2025, with increased sales across its key product lines, such as beverages and confectionery.
Globally dominant packaged food and drink company, Nestlé owns a multitude of labels, including Nescafé, KitKat and Maggi.
The company intends to remove twelve thousand administrative roles in addition to 4,000 other roles throughout the organization within the next two years, it announced publicly.
These job cuts will cut costs by the consumer goods leader approximately CHF 1 billion each year as part of an continuous efficiency drive, it said.
Nestlé's share price was up 7.5% following its quarterly update and job cuts were made public.
The CEO said: “We are cultivating a culture that welcomes a results-driven attitude, that will not abide losing market share, and where success is recognized... The marketplace is evolving, and we must adapt more rapidly.”
Such change would include “difficult yet essential decisions to reduce headcount,” he noted.
Financial expert an industry specialist said the report signalled that Nestlé's leader wants to “increase openness to areas that were once ambiguous in Nestlé's cost-saving plans.”
These layoffs, she said, seem to be an attempt to “adjust outlooks and rebuild investor confidence through tangible steps.”
His forerunner was sacked by the company in early September following a probe into reports from staff that he failed to report a private liaison with a immediate staff member.
The former board leader Paul Bulcke brought forward his exit timeline and resigned in the same month.
Media stated at the moment that investors held accountable the former chairman for the corporation's persistent issues.
Last year, an inquiry discovered Nestlé baby food products sold in low- and middle-income countries included excessive amounts of added sugars.
The research, by a Swiss NGO and the International Baby Food Action Network, determined that in many cases, the identical items sold in developed nations had no added sugar.
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