Nestlé to Cut 16,000 Jobs Amid Cost-Cutting and Market Shifts

Nestlé is planning to cut 16,000 jobs over the next two years and increase cost savings targets to 3 billion Swiss francs to improve its financial performance amid external challenges like rising commodity costs and tariffs. The company is also restructuring its workforce, eliminating 12,000 white-collar positions, to achieve annual savings of 1 billion Swiss francs, as it navigates a turbulent year marked by leadership changes and external economic pressures.