SaralnamaNestle plans to cut 16,000 jobs worldwide over the next two years. The Swiss food giant announced this. The job cuts represent about 6% of its staff. Nestle aims to save ₹83,000 crore through these layoffs. The company will cut 12,000 white-collar jobs and 4,000 jobs in production and supply chain. Nestle's CEO Philipp Navratil said the company needs to change faster. The news caused Nestle's share price to rise by 8%. Nestle owns brands like Nespresso, KitKat, and Maggi. The company reported a 1.9% drop in sales to ₹5,46,000 crore for the first nine months of 2025. However, its organic sales grew by 3.3%, driven by price increases. (Updated 16 Oct 2025, 17:11 IST; source: link)
Key Points
- Nestle plans to cut 16,000 jobs worldwide over the next two years
- The Swiss food giant announced this on 26 Oct 2025
- The job cuts represent about 6% of its staff