Nestle announced it will cut 16,000 jobs globally over the next two years, as its new CEO, Philipp Navratil, implements a cost-cutting strategy to focus on products with high returns and instill a "performance mindset." This decision follows improved sales figures for the first nine months of 2025.

• Nestle plans to eliminate 12,000 white-collar jobs and 4,000 other roles, aiming to save approximately 1bn SFr (£940m) annually.
• The job cuts come after former CEO Laurent Freixe was fired in September following an investigation into a romantic relationship with an employee.
• Nestle’s share price rose by 7.5% immediately after the announcement of its trading update and job cuts.