Nestle to cut 16,000 jobs, shares rise | JQJO

Nestle will cut 16,000 jobs over two years as new CEO Philipp Navratil shifts the Swiss company toward products with “highest potential returns.” Announced alongside stronger nine‑month 2025 sales, the plan targets 12,000 white‑collar roles and aims to save about 1bn SFr annually. Shares rose 7.5% after the update. Navratil said the company must “change faster” and adopt a performance mindset that won’t accept losing market share. The shake‑up follows September turmoil: predecessor Laurent Freixe was fired over an undisclosed relationship, and chair Paul Bulcke left the same month.