Nestle To Cut 16,000 Jobs As New CEO Pursues Cost Savings

Benzinga

Nestle will cut 16,000 jobs, or 5.8% of its workforce, as new CEO Philipp Navratil targets $3.77B in savings by 2027. The move aims to restore investor confidence amid tariff pressures and shifting consumer trends.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Nestle will cut 16,000 jobs under new CEO Philip Navratil to reduce costs and restore investor

00:08confidence according to Reuters. Included beverage company will cut 5.8% of its 277,000 employees

00:14as Navratil raises the company's cost savings goal to $3.77 billion by 2027.

00:21Nestle faces pressure from U.S. import tariffs and shifting consumer preferences toward healthier

00:26eating amid weakened confidence. The house included 12,000 white-collar rolls over two years

00:30and 4,000 manufacturing and supply chain. Nestle reaffirmed its 2025 outlook, forecasting an

00:36underlying operating margin at or above 16% and improved organic sales growth.

00:41Shares rose 8% after the announcement. For all things money, visit Benzinga.com.

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