Nestle announces plans to slash 16,000 jobs, stock jumps 9%

Oct 17, 2025 - 00:00

Nestle announces plans to slash 16,000 jobs, stock jumps 9%

Nestle said Thursday it will cut 16,000 jobs as the firm's new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant.

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