‘Hard but necessary decision’: Nestle to cut 16,000 jobs globally; white-collar roles hit hardest

Nestlé plans to cut 16,000 jobs globally over two years, with 12,000 white-collar roles targeted to save one billion Swiss francs. This aggressive cost-saving measure, aiming for three billion Swiss francs in savings by 2027, follows a recent leadership shake-up and a bottled water scandal, as the company navigates slowing growth and declining sales.