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Global consumer goods leader the Swiss conglomerate announced it will eliminate 16,000 positions within the coming 24 months, as its new CEO the company's fresh leader advances a plan to prioritize products offering the “most lucrative outcomes”.

The Swiss company must “change faster” to keep pace with a dynamic global environment and embrace a “performance mindset” that does not accept declining competitive position, the executive stated.

He took over from former CEO the previous leader, who was let go in September.

The job cuts were made public on the fourth weekday as Nestlé shared improved performance metrics for the first three-quarters of 2025, with expanded product movement across its key product lines, encompassing beverages and confectionery.

The biggest packaged food and drink corporation, this industry leader manages hundreds of brands, among them Nescafé, KitKat and Maggi.

Nestlé aims to eliminate 12,000 administrative roles in addition to 4,000 additional positions company-wide over the coming 24 months, it stated officially.

The workforce reduction will save the food giant approximately one billion Swiss francs each year as within an ongoing cost-savings effort, it stated.

The company's stock value rose 7.5% soon after its performance report and job cuts were made public.

The CEO stated: “We are building a organizational ethos that embraces a performance mindset, that will not abide competitive setbacks, and where winning is rewarded... The marketplace is evolving, and the company requires accelerated transformation.”

Such change would include “difficult yet essential decisions to trim the workforce,” he added.

Equity analyst Diana Radu remarked the update signalled that the new CEO aims to “bring greater transparency to sectors that were formerly less clear in Nestlé's cost-saving plans.”

The workforce reductions, she noted, are likely an initiative to “recalibrate projections and rebuild investor confidence through tangible steps.”

Mr Navratil's predecessor was terminated by Nestlé in the start of last fall after an investigation into reports from staff that he did not disclose a private liaison with a direct subordinate.

The former board leader Paul Bulcke accelerated his departure date and left his post in the identical period.

Media stated at the moment that shareholders held accountable the outgoing leader for the corporation's persistent issues.

In the prior year, an investigation revealed infant nutrition items from the company available in emerging markets contained undesirably high quantities of sugar.

The study, conducted by non-profit organizations, established that in many cases, the same products available in developed nations had no extra sugars.

• The corporation operates numerous brands globally.
• Layoffs will affect sixteen thousand workers throughout the upcoming biennium.
• Expense cuts are anticipated to reach 1bn SFr per year.
• Equity rose seven and a half percent after the update.