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Thursday, October 16, 2025

Tag: affairs

Nestlé slashing 16K jobs in massive restructuring after CEO turmoil: ‘World is changing’

Nestle announced Thursday that it will cut 16,000 jobs—about 6 % of its roughly 277,000‑strong workforce—as the company sharpens its cost‑cutting program and seeks to regain investors’ trust. New chief executive Philipp Navratil said the cuts will help the world’s biggest packaged‑food firm boost efficiency and improve margins.