Nestle Plans to Cut Workforce by 16,000 in Cost-Savings Push

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The Wall Street Journal
12 hours ago
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YoyoFeed Ai Summarized
Nestle announced plans to reduce its global workforce by 16,000 employees over the next two years. This move is part of a broader effort to increase cost-saving targets. The company, known for products like KitKat and Purina pet food, has raised its cost-saving goal to 3.0 billion Swiss francs, or $3.77 billion, by 2027. This is an increase from its previous target of 2.5 billion francs. This announcement comes in the company's first earnings u... download the app to read more

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