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Food and beverage giant Nestlé has declared it will remove sixteen thousand roles within the coming 24 months, as its new CEO Philipp Navratil advances a strategy to concentrate on products offering the “most lucrative outcomes”.

The Swiss company must “change faster” to remain competitive in a dynamic global environment and implement a “performance mindset” that does not accept ceding ground to competitors, according to the CEO.

He took over from ex-chief executive the previous leader, who was dismissed in September.

The job cuts were disclosed on the fourth weekday as the corporation reported stronger sales figures for the initial three quarters of 2025, with increased product movement across its major categories, including beverages and confectionery.

Globally dominant consumer packaged goods company, Nestlé manages numerous brands, including its coffee, chocolate, and food brands.

Nestlé intends to get rid of 12,000 professional roles in addition to four thousand further jobs company-wide during the next biennium, it announced publicly.

The lay-offs will save the consumer goods leader around CHF 1 billion annually as part of an sustained expense reduction program, it confirmed.

The company's stock value rose by more than seven percent shortly after its trading update and layoff announcement were announced.

Mr Navratil commented: “We are building a culture that embraces a performance mindset, that will not abide market share declines, and where success is recognized... Global dynamics are shifting, and the company requires accelerated transformation.”

Such change would encompass “tough but required decisions to reduce headcount,” he noted.

Equity analyst a financial commentator said the update signalled that Nestlé's leader seeks to “increase openness to aspects that were formerly less clear in Nestlé's cost-saving plans.”

The job cuts, she noted, are likely an attempt to “recalibrate projections and regain market faith through measurable actions.”

His forerunner was sacked by Nestlé in the beginning of the ninth month following a probe into internal complaints that he omitted to reveal a romantic relationship with a junior employee.

Its departing chairman the ex-chairman accelerated his leaving schedule and resigned in the same month.

It was reported at the period that investors held accountable the former chairman for the company's ongoing problems.

Last year, an study found its baby formula and foods marketed in developing nations contained unhealthily high levels of sweeteners.

The analysis, carried out by advocacy groups, found that in many cases, the same products marketed in wealthy countries had no extra sugars.

• The corporation owns numerous product lines worldwide.
• Job cuts will impact sixteen thousand staff members over the coming 24 months.
• Savings are anticipated to reach 1bn SFr each year.
• Share price climbed seven and a half percent after the update.