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Food and beverage giant the Swiss conglomerate announced it will cut 16,000 roles within the coming 24 months, as its new CEO the company's fresh leader drives a initiative to prioritize products offering the “most lucrative outcomes”.

The Swiss company has to “change faster” to remain competitive in a changing world and embrace a “results-oriented culture” that does not accept declining competitive position, according to the CEO.

He took over from former CEO the previous leader, who was terminated in September.

These workforce reductions were made public on Thursday as Nestlé shared stronger revenue numbers for the first nine months of 2025, with increased product movement across its major categories, encompassing beverages and confectionery.

Globally dominant food & beverage corporation, this industry leader operates a multitude of labels, like well-known names in coffee and snacks.

Nestlé plans to remove twelve thousand professional positions in addition to four thousand further jobs company-wide over the coming 24 months, it said in a statement.

The lay-offs will cut costs by the food giant approximately one billion Swiss francs annually as a component of an ongoing cost-savings effort, it said.

The company's stock value was up by more than seven percent following its trading update and layoff announcement were announced.

Nestlé's leader said: “We are fostering a culture that adopts a performance mindset, that does not accept market share declines, and where success is recognized... The marketplace is evolving, and the company requires accelerated transformation.”

Such change would include “hard but necessary choices to cut staff numbers,” he added.

Market analyst Diana Radu said the update indicated that Nestlé's leader wants to “bring greater transparency to areas that were formerly less clear in the company's efficiency strategy.”

The workforce reductions, she noted, appear to be an initiative to “adjust outlooks and rebuild investor confidence through tangible steps.”

His forerunner was dismissed by the company in the start of last fall after an investigation into whistleblower allegations that he failed to report a romantic relationship with a junior employee.

The company's outgoing chair Paul Bulcke accelerated his exit timeline and left his post in the same month.

Media stated at the moment that stakeholders blamed the outgoing leader for the company's ongoing problems.

In the prior year, an inquiry found infant nutrition items from the company marketed in low- and middle-income countries included undesirably high quantities of sugar.

The analysis, carried out by advocacy groups, established that in many cases, the identical items sold in wealthy countries had zero additional sweeteners.

• The corporation operates a wide array of product lines internationally.
• Workforce reductions will involve sixteen thousand staff members over the upcoming biennium.
• Cost reductions are estimated to total one billion Swiss francs each year.
• Share price rose seven and a half percent post the announcement.