Nestlé to Slash 16,000 Jobs in Cost-Cutting Push

The New York TimesThursday, October 16, 2025 at 6:02:42 PM
Nestlé to Slash 16,000 Jobs in Cost-Cutting Push
Nestlé has announced a significant reduction of 16,000 jobs as part of its cost-cutting strategy. This move is aimed at streamlining operations and improving profitability amid rising costs and changing consumer preferences. The decision, while necessary for the company's financial health, raises concerns about the impact on employees and local economies, highlighting the ongoing challenges faced by large corporations in adapting to market demands.
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