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Food and beverage giant Nestlé has declared it will cut 16,000 jobs during the upcoming biennium, as its new CEO the company's fresh leader drives a plan to concentrate on products offering the “greatest profit margins”.

This multinational corporation must “adapt more quickly” to keep pace with a evolving marketplace and implement a “results-oriented culture” that rejects ceding ground to competitors, according to the CEO.

He replaced former CEO Laurent Freixe, who was dismissed in last fall.

The job cuts were disclosed on Thursday as the corporation announced improved revenue numbers for the initial three quarters of 2025, with higher sales across its key product lines, including coffee and sweets.

Globally dominant packaged food and drink corporation, Nestlé operates a multitude of brands, like its coffee, chocolate, and food brands.

The company aims to get rid of 12,000 administrative roles on top of four thousand other roles company-wide over the coming 24 months, it announced publicly.

These job cuts will save the consumer goods leader around CHF 1 billion each year as within an continuous efficiency drive, it confirmed.

Its equity price rose seven and a half percent following its quarterly update and layoff announcement were revealed.

The CEO commented: “We are fostering a culture that welcomes a results-driven attitude, that refuses to tolerate market share declines, and where success is recognized... The marketplace is evolving, and Nestlé needs to change faster.”

This transformation would involve “tough but required decisions to reduce headcount,” he added.

Financial expert Diana Radu stated the update indicated that Nestlé's leader wants to “bring greater transparency to aspects that were previously more opaque in the company's efficiency strategy.”

The job cuts, she said, seem to be an attempt to “reset expectations and rebuild investor confidence through tangible steps.”

His forerunner was sacked by the company in early September following a probe into whistleblower allegations that he failed to report a private liaison with a direct subordinate.

The former board leader the ex-chairman moved up his departure date and resigned in the identical period.

Media stated at the time that shareholders attributed responsibility to the outgoing leader for the firm's continuing challenges.

The previous year, an investigation discovered its baby formula and foods available in low- and middle-income countries included undesirably high quantities of sugar.

The study, by a Swiss NGO and the International Baby Food Action Network, determined that in several situations, the equivalent goods sold in affluent markets had no added sugar.

• The corporation manages hundreds of brands worldwide.
• Layoffs will impact sixteen thousand workers throughout the coming 24 months.
• Cost reductions are projected to reach one billion Swiss francs per year.
• Share price rose significantly following the announcement.