Reported 1 day ago
Nestlé's new CEO, Philipp Navratil, has announced plans to cut 16,000 jobs, representing 6% of the company's global workforce, just weeks after taking over. This decision, made in light of rising costs and the need to adapt to changing market conditions, involves reducing white-collar positions and manufacturing roles. The company aims to save $3.79 billion by 2027, while also reporting a slight sales decline in North America. Other consumer goods companies are similarly laying off employees amid economic uncertainty.
Source: YAHOO