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Global consumer goods leader the Swiss conglomerate announced it will remove 16,000 roles within the coming 24 months, as the recently appointed chief executive the company's fresh leader pushes a strategy to concentrate on products offering the “most lucrative outcomes”.

The Swiss company has to “evolve at a quicker pace” to keep pace with a changing world and adopt a “performance mindset” that refuses to tolerate losing market share, according to the CEO.

He took over from ex-chief executive Laurent Freixe, who was dismissed in last fall.

The layoff announcement were disclosed on Thursday as the corporation reported better sales figures for the first nine months of 2025, with higher sales across its key product lines, such as coffee and sweets.

The biggest packaged food and drink company, Nestlé manages hundreds of product lines, including well-known names in coffee and snacks.

Nestlé intends to get rid of twelve thousand administrative roles alongside 4,000 further jobs company-wide within the next two years, it announced publicly.

These job cuts will cut costs by the corporation approximately CHF 1 billion annually as part of an continuous efficiency drive, it stated.

Nestlé's share price was up seven and a half percent shortly after its performance report and restructuring news were made public.

Mr Navratil commented: “We are cultivating a corporate environment that adopts a results-driven attitude, that refuses to tolerate losing market share, and where winning is rewarded... The marketplace is evolving, and we must adapt more rapidly.”

Such change would encompass “hard but necessary choices to reduce headcount,” he said.

Financial expert Diana Radu said the report suggested that Nestlé's leader wants to “enhance clarity to aspects that were previously more opaque in the company's efficiency strategy.”

These layoffs, she explained, are likely an attempt to “reset expectations and restore shareholder trust through concrete measures.”

The former CEO was sacked by Nestlé in the beginning of the ninth month subsequent to an inquiry into internal complaints that he failed to report a personal involvement with a direct subordinate.

The company's outgoing chair the ex-chairman brought forward his leaving schedule and resigned in the same month.

Media stated at the time that stakeholders blamed the former chairman for the company's ongoing problems.

In the prior year, an investigation found Nestlé baby food products sold in developing nations included unhealthily high levels of sugar.

The research, by a Swiss NGO and the International Baby Food Action Network, found that in several situations, the same products available in wealthy countries had no extra sugars.

• The corporation owns hundreds of brands globally.
• Layoffs will impact 16,000 workers during the upcoming biennium.
• Savings are projected to total CHF 1 billion annually.
• Share price increased seven and a half percent following the news.