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Global consumer goods leader Nestlé stated it will remove sixteen thousand jobs within the coming 24 months, as the recently appointed chief executive Philipp Navratil advances a initiative to prioritize products offering the “highest potential returns”.

The Swiss company must “evolve at a quicker pace” to keep pace with a changing world and implement a “achievement-focused approach” that refuses to tolerate ceding ground to competitors, said Mr Navratil.

He replaced former CEO Laurent Freixe, who was let go in September.

The job cuts were revealed on Thursday as the corporation announced better revenue numbers for the first nine months of 2025, with expanded revenue across its primary segments, including hot drinks and snacks.

The world's largest consumer packaged goods corporation, this industry leader operates numerous product lines, among them well-known names in coffee and snacks.

The company aims to eliminate 12,000 professional positions alongside four thousand other roles across the board during the next biennium, it stated officially.

These job cuts will result in savings of the consumer goods leader around CHF 1 billion annually as a component of an ongoing cost-savings effort, it stated.

The company's stock value was up 7.5% shortly after its trading update and job cuts were revealed.

Mr Navratil commented: “We are building a culture that welcomes a performance mindset, that refuses to tolerate market share declines, and where winning is rewarded... The world is changing, and the company requires accelerated transformation.”

This transformation would involve “difficult yet essential decisions to cut staff numbers,” he noted.

Financial expert an industry specialist stated the update indicated that the new CEO wants to “bring greater transparency to aspects that were once ambiguous in Nestlé's cost-saving plans.”

These layoffs, she explained, seem to be an attempt to “recalibrate projections and rebuild investor confidence through tangible steps.”

Mr Navratil's predecessor was sacked by Nestlé in the beginning of the ninth month following a probe into reports from staff that he failed to report a romantic relationship with a junior employee.

The former board leader Paul Bulcke moved up his departure date and left his post in the corresponding timeframe.

Sources indicated at the moment that investors attributed responsibility to the former chairman for the corporation's persistent issues.

Last year, an investigation discovered Nestlé baby food products available in developing nations contained undesirably high quantities of sugar.

The research, conducted by non-profit organizations, found that in several situations, the identical items available in developed nations had zero additional sweeteners.

• Nestlé owns a wide array of labels worldwide.
• Layoffs will impact sixteen thousand staff members during the next two years.
• Savings are projected to reach 1bn SFr per year.
• Equity climbed 7.5% after the update.