Nestlé to Slash 16,000 Jobs as New CEO Speeds Up Turnaround

Bloomberg Intelligence · Oct 16, 2025 · 23m · transcript

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-Duncan Fox, Bloomberg Intelligence Senior Consumer Staples Analyst, discusses Nestle job cuts. Nestlé SA's new CEO Philipp Navratil announced plans to slash 16,000 jobs to build on a stronger-than-expected increase in quarterly sales. The job reductions will occur over the next two years and are part of Navratil's plan to increase Nestlé's target for cost savings to 3 billion Swiss francs by the end of 2027.

- George Ferguson, Bloomberg…