Nestlé slashing 16K jobs in massive restructuring after CEO turmoil: ‘World is changing’
NegativeU.S News

Nestlé is making significant cuts by slashing 16,000 jobs as part of a massive restructuring effort following the recent firing of CEO Laurent Freixe. This decision comes in the wake of turmoil within the company, highlighting the challenges Nestlé faces in adapting to a rapidly changing market. The job cuts reflect a broader trend in the industry where companies are reassessing their strategies to remain competitive. This move is crucial for Nestlé as it seeks to stabilize its operations and regain investor confidence.
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