India, Oct. 16 -- Nestle SA plans to effect layoffs that will affect 16,000 jobs globally over the next two years, according to its new chief executive officer Philipp Navratil

"The world is changing, and Nestle needs to change faster," Navratil, who took the helm of the multinational company in early September, said in a statement on Thursday (16 October 2025). That includes making "hard but necessary decisions to reduce headcount".

Navratil spoke even as the company published nine-month figures showing sales down by 1.9% to $83 billion. Organic sales growth amounted to 3.3% in the first nine months of 2025, driven by price increases of 2.8%.

The layoffs include 12,000 white-collar jobs, saving 1 billion Swiss francs-which it said was...