Nestle(US:NSRGY) Xin Lang Cai Jing·2025-10-16 09:37Core Viewpoint - Nestlé plans to lay off 16,000 employees as new CEO Philipp Navratil seeks to accelerate the company's transformation efforts [1] Group 1: Layoff and Cost-Saving Measures - Nestlé announced it will cut approximately 6% of its workforce over the next two years [1] - The company's cost-saving target has been increased from 2.5 billion Swiss francs to 3 billion Swiss francs (approximately 3.7 billion USD) by the end of 2027 [1] - Navratil emphasized the need for the company to adapt more quickly to changing global conditions, which includes making difficult but necessary layoff decisions [1] Group 2: Leadership Changes - Navratil was promoted from within the company to CEO just weeks before the layoff announcement [1] - The previous CEO, Laurent Freixe, was dismissed due to an undisclosed workplace scandal, leading to the early resignation of Chairman Paul Bulcke [1] - Pablo Isla, former CEO of Inditex SA, has taken over as the new chairman [1] Group 3: Financial Performance - Nestlé reported a 4.3% increase in third-quarter sales, surpassing expectations [1] - The sales growth was attributed to price increases and improved organic growth, which are key metrics closely monitored by analysts and investors [1]