BREAKING: Nestlé, the Swiss food giant behind popular brands like Toll House and Nespresso, has just announced it will be eliminating 16,000 jobs globally over the next two years. This urgent decision comes from newly appointed CEO Philipp Navratil, who stated, “The world is changing, and Nestlé needs to change faster,” during a press conference on October 12, 2025.
This massive layoff includes 12,000 white-collar positions aimed at saving the company 1 billion Swiss francs ($1.25 billion), significantly more than the initial plan. The announcement aligns with Nestlé’s recent financial reports showing a 1.9% decline in sales, totaling 65.9 billion Swiss francs ($83 billion) over the first nine months of the year.
Navratil emphasized the need for “hard but necessary decisions” as the company struggles to adapt amidst evolving market conditions. The job cuts are part of a broader strategy to boost savings to 3 billion Swiss francs ($3.75 billion) by the end of 2027, an increase from the previous target of 2.5 billion.
The announcement follows a turbulent period for Nestlé, which saw the abrupt dismissal of its former CEO due to an office scandal, compounded by the early resignation of its chairman. Financial analysts suggest that Navratil’s leadership aims to restore stability and growth to a company that has faced stagnation since 2022.
Nestlé’s challenges are further complicated by a scandal related to its bottled water division that began in France in 2024. However, the company reported a positive note, with organic sales growth of 3.3% driven primarily by price increases of 2.8%.
As the layoffs unfold, the impact on employees and their families will be profound. Nestlé, which manages over 2,000 brands, is now at a crossroads, making critical decisions that could redefine its future in the global market.
Stay tuned for more updates as this story develops, particularly how these changes affect Nestlé’s workforce and overall market position. The urgency of these job cuts underscores the rapidly shifting dynamics in the food industry, making it crucial for stakeholders to adapt quickly.