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Food and beverage giant Nestlé has declared it will remove 16,000 roles during the upcoming biennium, as its new CEO the company's fresh leader drives a strategy to prioritize products offering the “highest potential returns”.

The Swiss company must “evolve at a quicker pace” to remain competitive in a dynamic global environment and implement a “results-oriented culture” that does not accept declining competitive position, the executive stated.

His appointment followed ex-chief executive Laurent Freixe, who was terminated in the ninth month.

The layoff announcement were disclosed on Thursday as Nestlé announced better revenue numbers for the first three-quarters of 2025, with expanded sales across its primary segments, such as coffee and sweets.

The world's largest food & beverage firm, Nestlé owns a multitude of brands, among them its coffee, chocolate, and food brands.

Nestlé aims to eliminate twelve thousand professional roles alongside 4,000 additional positions across the board over the coming 24 months, it announced publicly.

The lay-offs will save the food giant approximately CHF 1 billion per annum as within an sustained expense reduction program, it confirmed.

Nestlé's share price was up by more than seven percent shortly after its performance report and job cuts were announced.

Mr Navratil stated: “We are cultivating a corporate environment that welcomes a results-driven attitude, that will not abide competitive setbacks, and where achievement is incentivized... The world is changing, and the company requires accelerated transformation.”

The restructuring would include “tough but required actions to reduce headcount,” he added.

Financial expert an industry specialist said the announcement suggested that Nestlé's leader wants to “bring greater transparency to sectors that were previously more opaque in its expense reduction initiatives.”

The workforce reductions, she explained, seem to be an attempt to “adjust outlooks and regain market faith through measurable actions.”

Mr Navratil's predecessor was terminated by the company in early September after an investigation into reports from staff that he omitted to reveal a romantic relationship with a immediate staff member.

Its departing chairman the ex-chairman moved up his departure date and left his post in the corresponding timeframe.

It was reported at the moment that shareholders held accountable Mr Bulcke for the corporation's persistent issues.

Last year, an study revealed infant nutrition items from the company sold in developing nations had undesirably high quantities of added sugars.

The research, carried out by advocacy groups, established that in many cases, the equivalent goods marketed in affluent markets had zero additional sweeteners.

• The corporation operates a wide array of labels worldwide.
• Layoffs will involve sixteen thousand workers during the coming 24 months.
• Savings are estimated to total CHF 1 billion per year.
• Share price climbed significantly after the update.