16 Oct 2025 | 5 Mins Read
Nestle stock jumps 8% on 16,000 job cut announcement
Flipitmoney
Nestle will cut 16,000 jobs, including 12,000 white-collar jobs, to improve operational efficiency. The new CEO, Philipp Navratil, is accelerating a cost-savings programme to 3 billion Swiss francs by 2027. Shares rose nearly 9% after the announcement, boosting the food and beverage sector. Nestle's third-quarter organic growth rate was 4.3%, beating expectations.