Nestlé Aims to Cut 16,000 Jobs as Part of Plan to Cut Costs
Cost-cutting to make a business more profitable in the long run sometimes requires mass layoffs and restructuring. Nestlé, a giant in the packaged foods industry, made a decision to cut its workforce by approximately 16,000 employees over the next couple of years. One of their goals is to significantly reduce the increasing costs the company has faced. Nestlé’s new CEO, Philipp Navratil, is leading the