'Hard but necessary decision': Nestle to cut 16,000 jobs globally; white-collar roles hit hardest

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India, October 16, 2025 (Thursday)

'Hard but necessary decision': Nestle to cut 16,000 jobs globally; white-collar roles hit hardest – The Times of IndiaEditionININUSEnglishEnglishहिन्दीमराठीಕನ್ನಡதமிழ்বাংলাമലയാളംతెలుగుગુજરાતીWeatherSign InTOITOI GamesLive VideosCityMetro CitiesmumbaidelhibengaluruHyderabadkolkatachennaiOther CitiesCityagraagartalaahmedabadajmeramaravatiamritsarbareillybhubaneswarbhopalchandigarhchhatrapati sambhajinagarcoimbatorecuttackdehradunerodefaridabadghaziabadgoagurgaonguwahatihubballiimphalindoreitanagarjaipurjammujamshedpurjodhpurkanpurkochikohimakolhapurkozhikodeludhianalucknowmaduraimangalurumeerutmumbai regionmysurunagpurnashiknavi mumbainoidapatnaprayagrajpuducherrypuneraipurrajkotranchithanesalemshillongshimlasrinagarsurattrichythiruvananthapuramudaipurvadodaravaranasivijayawadavisakhapatnamphotosWeb StoriesIndiafeaturedBihar Election 2025MaharashtraKarnatakaTelanganaWest BengalTamil NaduAndhra PradeshUttar PradeshGujaratRajasthanPunjabOdishaMadhya PradeshHaryanaTripuraUttarakhandBiharKeralaAssamArunachal PradeshManipurChhattisgarhJammu KashmirNagalandJharkhandMeghalayaHimachal PradeshWeb StoriesDigital ArrestOperation

SindoorCancel PatriarchyWorldBusinessTechCricketSportsEntertainmentAstroTVEducationLife & StyleWeb SeriesTimes EvokePhotosBlogsToday's ePaperNews'Hard but necessary decision': Nestle to cut 16,000 jobs globally; white-collar roles hit hardest’Hard but necessary decision’: Nestle to cut 16,000 jobs globally; white-collar roles hit hardestTOI Business Desk / TIMESOFINDIA.COM / Oct 16,

2025, 12:45 ISTShareAA+Text SizeSmallMediumLargeNestlé 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. Swiss food giant Nestlé on Thursday announced that it is planning to eliminate 16,000 jobs worldwide over the next two years, as its

new CEO, Philipp Navratil, vowed to accelerate transformation amid slowing growth.“The world is changing, and Nestlé needs to change faster,” Navratil reported in a statement. “This includes making hard but necessary decisions to reduce headcount.”Layoffs and cost-saving measuresOf the 16,000

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cuts, 12,000 will be white-collar positions, expected to save the company one billion Swiss francs, double the amount previously planned. This follows 4,000 ongoing job reductions in production and the supply chain.Navratil also raised Nestlé’s savings target to three billion

Swiss francs by 2027, up from a prior goal of 2.5 billion, signalling an aggressive push to streamline operations and restore profitability.Sales performance and challengesThe announcement comes alongside Nestlé’s nine-month results, showing sales down 1.9% to 65.9 billion Swiss francs

($83 billion). Organic sales growth, however, was 3.3%, largely driven by price increases of 2.8%.The Swiss multinational, which owns over 2,000 brands, including Nespresso, Perrier, Kit Kat, and Purina, has faced turbulence in recent months. Meanwhile, September saw the dismissal

of the previous CEO over an office relationship, followed by the early departure of the company chairman.The company has also grappled with a bottled water scandal that began in France in 2024, adding to challenges in stabilising the business.About the

AuthorTOI Business DeskThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the

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TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide

valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read MoreEnd of ArticleFollow Us On Social Media Photostories From ‘Border 2’,

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