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Global consumer goods leader the Swiss conglomerate has declared it will cut 16,000 positions during the upcoming biennium, as its new CEO the company's fresh leader pushes a plan to prioritize products offering the “highest potential returns”.

The Swiss company has to “evolve at a quicker pace” to keep pace with a evolving marketplace and embrace a “achievement-focused approach” that rejects losing market share, according to the CEO.

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

The job cuts were made public on Thursday as Nestlé shared better revenue numbers for the first three-quarters of 2025, with higher product movement across its key product lines, encompassing beverages and confectionery.

Globally dominant food & beverage company, Nestlé manages hundreds of brands, like well-known names in coffee and snacks.

The company intends to get rid of 12,000 administrative roles in addition to 4,000 further jobs across the board during the next biennium, it announced publicly.

These job cuts will result in savings of the consumer goods leader about CHF 1 billion each year as part of an sustained expense reduction program, it said.

Its equity price rose 7.5% shortly after its quarterly update and job cuts were made public.

The CEO said: “We are cultivating a corporate environment that welcomes a performance mindset, that does not accept losing market share, and where winning is rewarded... Global dynamics are shifting, and we must adapt more rapidly.”

This transformation would encompass “tough but required actions to cut staff numbers,” he noted.

Financial expert Diana Radu remarked the report suggested that Mr Navratil wants to “bring greater transparency to aspects that were formerly less clear in the company's efficiency strategy.”

These layoffs, she noted, are likely an attempt to “reset expectations and restore shareholder trust through concrete measures.”

His forerunner was sacked by the company in the start of last fall following a probe into internal complaints that he omitted to reveal a private liaison with a direct subordinate.

The company's outgoing chair Paul Bulcke moved up his exit timeline and left his post in the same month.

It was reported at the period that stakeholders blamed the former chairman for the corporation's persistent issues.

Last year, an study found infant nutrition items from the company marketed in developing nations had unhealthily high levels of sweeteners.

The analysis, carried out by advocacy groups, determined that in numerous instances, the same products sold in wealthy countries had no added sugar.

• The corporation operates hundreds of brands internationally.
• Layoffs will involve 16,000 employees over the next two years.
• Expense cuts are estimated to total one billion Swiss francs annually.
• Share price climbed significantly after the announcement.