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Global consumer goods leader the Swiss conglomerate has declared it will cut sixteen thousand jobs during the upcoming biennium, as its new CEO Philipp Navratil advances a strategy to prioritize products offering the “most lucrative outcomes”.

This multinational corporation has to “evolve at a quicker pace” to stay aligned with a evolving marketplace and adopt a “performance mindset” that does not accept losing market share, according to the CEO.

He replaced ex-chief executive Laurent Freixe, who was dismissed in the ninth month.

The job cuts were disclosed on Thursday as the corporation announced stronger revenue numbers for the first nine months of 2025, with higher sales across its key product lines, encompassing coffee and sweets.

The biggest packaged food and drink company, this industry leader manages a multitude of product lines, like its coffee, chocolate, and food brands.

Nestlé plans to eliminate twelve thousand administrative roles alongside 4,000 other roles company-wide over the coming 24 months, it said in a statement.

The lay-offs will cut costs by the corporation approximately one billion Swiss francs each year as within an sustained expense reduction program, it said.

Nestlé's share price increased 7.5% shortly after its trading update and layoff announcement were made public.

The CEO commented: “We are building a organizational ethos that adopts a achievement-oriented approach, that will not abide losing market share, and where success is recognized... The marketplace is evolving, and Nestlé needs to change faster.”

Such change would involve “hard but necessary choices to cut staff numbers,” he noted.

Financial expert an industry specialist stated the update indicated that Mr Navratil seeks to “enhance clarity to aspects that were formerly less clear in Nestlé's cost-saving plans.”

The workforce reductions, she said, are likely an effort to “adjust outlooks and rebuild investor confidence through tangible steps.”

His forerunner was sacked by the company in early September subsequent to an inquiry into whistleblower allegations that he did not disclose a personal involvement with a immediate staff member.

The company's outgoing chair Paul Bulcke brought forward his leaving schedule and resigned in the corresponding timeframe.

Media stated at the period that stakeholders blamed the outgoing leader for the company's ongoing problems.

In the prior year, an study discovered infant nutrition items from the company available in low- and middle-income countries included undesirably high quantities of sweeteners.

The analysis, conducted by non-profit organizations, established that in many cases, the identical items available in affluent markets had zero additional sweeteners.

• Nestlé owns a wide array of product lines worldwide.
• Workforce reductions will impact 16,000 workers during the next two years.
• Savings are estimated to total one billion Swiss francs annually.
• Equity rose 7.5% post the announcement.