Layoff Details
- Reason
- Nestlé announced a global workforce reduction of 16,000 employees over two years, effective from October 16, 2025, as part of a strategic initiative to enhance operational efficiency, reduce costs, and improve productivity. This restructuring, led by new CEO Philipp Navratil, aims to achieve 3 billion Swiss francs in cost savings by the end of 2027. The decision is driven by a need to adapt to a changing global market, address rising costs, inflation, supply chain disruptions, and increased competition in the packaged goods sector, with a focus on leveraging automation, including AI. Navratil emphasized the necessity of 'hard but necessary decisions to reduce headcount' to accelerate growth momentum and secure Nestlé's future as an industry leader.
- Affected Locations
- GloballyMultiple regions (specific locations not disclosed)
- Affected Departments
- White-collar positionsManufacturingSupply chainAdministrative roles
Company Info
- Industry
- Consumer Staples
- Headquarters
- Vevey, Vaud, Switzerland
- Total Employees
- 277,000
- Founded
- 1866
- Market Cap
- $260.46B
Disclaimer
Data aggregated from public sources including WARN notices, SEC filings, press releases, and news reports. While we strive for accuracy, information is provided "as-is" for informational purposes only. Always verify critical information with official sources.
This information does not constitute investment, financial, legal, or career advice. See our Terms of Service, Privacy Policy, and About page for more information.
Found an error? Report it here.