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

Core Insights - The company plans to cut 12,000 positions, primarily targeting white-collar jobs, as part of its strategy to enhance cost savings [1] - The cost-savings target has been raised to $3.77 billion, with a deadline set for 2027 [1] Summary by Categories Job Cuts - A total of 12,000 positions will be eliminated, focusing on white-collar roles [1] Cost-Savings Target - The company has increased its cost-savings goal to $3.77 billion, aiming for completion by 2027 [1]