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Global consumer goods leader Nestlé has declared it will remove sixteen thousand positions within the coming 24 months, as the recently appointed chief executive Philipp Navratil advances a strategy to concentrate on products offering the “highest potential returns”.

The Swiss company must “adapt more quickly” to keep pace with a changing world and embrace a “achievement-focused approach” that rejects ceding ground to competitors, according to the CEO.

He replaced former CEO the previous leader, who was terminated in last fall.

These workforce reductions were made public on Thursday as the corporation reported improved revenue numbers for the first three-quarters of 2025, with higher sales across its key product lines, encompassing hot drinks and snacks.

The world's largest consumer packaged goods company, this industry leader operates hundreds of brands, including well-known names in coffee and snacks.

The company intends to remove 12,000 white collar jobs in addition to 4,000 additional positions across the board over the coming 24 months, it announced publicly.

These job cuts will cut costs by the food giant around 1bn SFr (£940m) per annum as within an sustained expense reduction program, it stated.

Its equity price increased seven and a half percent soon after its performance report and layoff announcement were revealed.

Nestlé's leader said: “We are fostering a corporate environment that adopts a results-driven attitude, that will not abide losing market share, and where achievement is incentivized... The marketplace is evolving, and we must adapt more rapidly.”

This transformation would involve “tough but required choices to reduce headcount,” he said.

Financial expert a financial commentator remarked the report signalled that Nestlé's leader aims to “bring greater transparency to areas that were once ambiguous in Nestlé's cost-saving plans.”

These layoffs, she said, are likely an effort to “reset expectations and rebuild investor confidence through measurable actions.”

Mr Navratil's predecessor was dismissed by Nestlé in the start of last fall following a probe into whistleblower allegations that he omitted to reveal a romantic relationship with a direct subordinate.

The company's outgoing chair Paul Bulcke brought forward his exit timeline and stepped down in the same month.

It was reported at the time that shareholders held accountable Mr Bulcke for the firm's continuing challenges.

In the prior year, an investigation revealed its baby formula and foods marketed in emerging markets included unhealthily high levels of sugar.

The study, conducted by non-profit organizations, found that in numerous instances, the same products marketed in developed nations had no extra sugars.

• The corporation manages numerous product lines worldwide.
• Job cuts will involve sixteen thousand staff members throughout the next two years.
• Expense cuts are anticipated to total 1bn SFr each year.
• Stock value climbed significantly post the news.