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Global consumer goods leader the Swiss conglomerate has declared it will eliminate 16,000 positions within the coming 24 months, as its new CEO the company's fresh leader advances a strategy to focus on products offering the “highest potential returns”.

The Swiss company has to “adapt more quickly” to remain competitive in a evolving marketplace and embrace a “achievement-focused approach” that refuses to tolerate declining competitive position, according to the CEO.

He took over from former CEO the previous leader, who was dismissed in the ninth month.

The job cuts were made public on the fourth weekday as Nestlé reported improved sales figures for the first three-quarters of 2025, with expanded revenue across its primary segments, such as hot drinks and snacks.

The biggest consumer packaged goods corporation, this industry leader owns numerous brands, among them its coffee, chocolate, and food brands.

The company plans to eliminate twelve thousand white collar jobs in addition to four thousand other roles throughout the organization over the coming 24 months, it said in a statement.

These job cuts will result in savings of the food giant around one billion Swiss francs each year as part of an continuous efficiency drive, it said.

The company's stock value rose by more than seven percent shortly after its quarterly update and layoff announcement were revealed.

Nestlé's leader stated: “We are building a corporate environment that welcomes a results-driven attitude, that does not accept losing market share, and where achievement is incentivized... The world is changing, and the company requires accelerated transformation.”

This transformation would encompass “tough but required choices to reduce headcount,” he added.

Equity analyst an industry specialist stated the report indicated that Nestlé's leader wants to “bring greater transparency to aspects that were formerly less clear in the company's efficiency strategy.”

These layoffs, she noted, appear to be an initiative to “adjust outlooks and rebuild investor confidence through concrete measures.”

The former CEO was sacked by Nestlé in the start of last fall after an investigation into whistleblower allegations that he failed to report a private liaison with a direct subordinate.

The company's outgoing chair the ex-chairman accelerated his leaving schedule and resigned in the identical period.

It was reported at the period that investors held accountable the outgoing leader for the corporation's persistent issues.

Last year, an investigation revealed Nestlé baby food products sold in developing nations included undesirably high quantities of added sugars.

The study, carried out by advocacy groups, established that in several situations, the same products available in affluent markets had zero additional sweeteners.

• Nestlé owns hundreds of brands worldwide.
• Layoffs will affect 16,000 employees throughout the coming 24 months.
• Expense cuts are anticipated to reach one billion Swiss francs per year.
• Share price increased significantly following the announcement.