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'Hard but Necessary Decision': Nestle to Cut 16,000 Jobs Globally; White-Collar Roles Hit Hardest - The Times of India

Summary by Times of India
Nestlé plans to cut 16,000 jobs globally over two years, with 12,000 white-collar roles targeted to save one billion Swiss francs. This aggressive cost-saving measure, aiming for three billion Swiss francs in savings by 2027, follows a recent leadership shake-up and a bottled water scandal, as the company navigates slowing growth and declining sales.

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CNBC broke the news in on Thursday, October 16, 2025.
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