Nestlé to Cut 16,000 Jobs
Nestlé, the maker of Lean Cuisine, will cut 16,000 jobs to accelerate its turnaround, said CEO Philipp Navratil.
Nestlé needs to change faster.
The company aims to slash 6% of its workforce and drive $3.8 billion in savings. Navratil stated that Nestlé has not been the most efficient company in the past.
- 12,000 corporate workers will be cut across functions and geographies.
- The company will prioritize automation to enable faster decision making.
The announcement we have done today on headcount is really [to] become an agile company, a company that takes decisions fast, a company that drives impact and a company that leverages its scale.
CEO Philipp Navratil will be ruthless in assessing talent. Author summary: Nestlé cuts jobs to accelerate turnaround.
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