Nestlé will reduce 16,000 jobs in the next two years, around 6% of its global workforce, to reduce costs and accelerate the company’s transformation. The multinational also raised its savings target to 3 billion Swiss francs ($3.8 billion) by 2027.
CEO Philipp Navratil explained that the cuts seek to turn Nestlé into a more agile, efficient, and faster decision-making company. Of the layoffs, 12,000 affect corporate employees and 4,000 affect manufacturing and supply chain.
Nestlé also maintains the strategy of investing in marketing and automation to boost the growth of its businesses, while evaluating possible sales of vitamin brands and the water business. The company has registered a growth of 4.3% in the third quarter of 2025, although it faces challenges due to inflation and the increase in raw material costs.
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