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Food and beverage giant the Swiss conglomerate has declared it will eliminate 16,000 roles over the next two years, as its new CEO the company's fresh leader advances a plan to prioritize products offering the “most lucrative outcomes”.

This multinational corporation has to “change faster” to remain competitive in a dynamic global environment and adopt a “achievement-focused approach” that does not accept declining competitive position, according to the CEO.

His appointment followed former CEO Laurent Freixe, who was terminated in September.

The layoff announcement were revealed on Thursday as Nestlé shared improved revenue numbers for the first nine months of 2025, with expanded revenue across its major categories, encompassing coffee and sweets.

The biggest food & beverage company, Nestlé owns hundreds of brands, among them its coffee, chocolate, and food brands.

Nestlé intends to remove 12,000 administrative jobs in addition to four thousand further jobs company-wide over the coming 24 months, it stated officially.

The lay-offs will result in savings of the corporation around one billion Swiss francs per annum as part of an sustained expense reduction program, it stated.

Nestlé's share price rose by more than seven percent following its quarterly update and layoff announcement were made public.

Mr Navratil said: “We are building a corporate environment that adopts a results-driven attitude, that will not abide losing market share, and where success is recognized... Global dynamics are shifting, and the company requires accelerated transformation.”

The restructuring would encompass “hard but necessary decisions to reduce headcount,” he noted.

Financial expert an industry specialist stated the report signalled that Nestlé's leader aims to “increase openness to areas that were once ambiguous in its expense reduction initiatives.”

The workforce reductions, she said, seem to be an initiative to “reset expectations and restore shareholder trust through tangible steps.”

The former CEO was sacked by the company in early September subsequent to an inquiry into whistleblower allegations that he omitted to reveal a romantic relationship with a immediate staff member.

The company's outgoing chair Paul Bulcke accelerated his leaving schedule and left his post in the identical period.

Sources indicated at the period that investors blamed the former chairman for the corporation's persistent issues.

The previous year, an inquiry discovered Nestlé baby food products sold in emerging markets included excessive amounts of sweeteners.

The research, conducted by non-profit organizations, determined that in many cases, the same products marketed in wealthy countries had no added sugar.

• The corporation manages hundreds of product lines worldwide.
• Workforce reductions will impact 16,000 staff members during the next two years.
• Savings are projected to amount to 1bn SFr each year.
• Stock value rose 7.5% post the announcement.