Nestlé to lay off 16,000 employees

Kit Kat's parent company is getting leaner and more automated. Nestle, the world's largest food company, plans to cut around 16,000 jobs worldwide over the next two years as it leans into AI and automation to speed growth and slash costs. That includes roughly 12,000 office roles and another 4,000 factory and supply chain jobs.Nestle calls it a hard but necessary step towards saving $3.3% billion by 2027. CEO Philip Navertil says the world is changing and Nestle needs to change faster. Now, the shakeup come ...