Nestlé to cut 16,000 jobs worldwide

Food and beverage giant Nestlé has announced that it will cut 16,000 jobs worldwide over the next two years, Euronews writes.

These include 12,000 white-collar positions in management and office roles, and 4,000 additional roles within manufacturing, logistics, and supply chain departments.

The layoffs are part of a broader effort to streamline Nestlé’s workforce and focus investment on high-performing brands, and products with strong potential returns: coffee, confectionery, and premium goods.

Nestlé’s restructuring aims to improve profitability and efficiency amid mounting pressures. The firm’s share price has fallen by about 35% since 2022.