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Global consumer goods leader the Swiss conglomerate has declared it will cut 16,000 roles within the coming 24 months, as its new CEO the company's fresh leader advances a strategy to focus on products offering the “highest potential returns”.

The Swiss company has to “evolve at a quicker pace” to keep pace with a evolving marketplace and embrace a “performance mindset” that rejects losing market share, according to the CEO.

He took over from former CEO Laurent Freixe, who was terminated in the ninth month.

The job cuts were made public on Thursday as Nestlé shared improved performance metrics for the initial three quarters of 2025, with increased sales across its major categories, including beverages and confectionery.

The biggest packaged food and drink corporation, this industry leader owns hundreds of brands, like well-known names in coffee and snacks.

The company intends to eliminate 12,000 administrative roles in addition to four thousand additional positions across the board over the coming 24 months, it stated officially.

These job cuts will cut costs by the consumer goods leader approximately one billion Swiss francs each year as within an sustained expense reduction program, it said.

The company's stock value was up seven and a half percent soon after its quarterly update and layoff announcement were made public.

Nestlé's leader said: “We are building a culture that embraces a results-driven attitude, that does not accept losing market share, and where winning is rewarded... The world is changing, and Nestlé needs to change faster.”

The restructuring would include “tough but required actions to trim the workforce,” he added.

Equity analyst a financial commentator said the announcement indicated that Mr Navratil wants to “bring greater transparency to aspects that were formerly less clear in Nestlé's cost-saving plans.”

The job cuts, she noted, are likely an initiative to “recalibrate projections and regain market faith through measurable actions.”

The former CEO was sacked by Nestlé in the start of last fall after an investigation into reports from staff that he did not disclose a private liaison with a direct subordinate.

Its departing chairman the ex-chairman accelerated his departure date and stepped down in the identical period.

It was reported at the period that stakeholders held accountable the outgoing leader for the firm's continuing challenges.

The previous year, an study found its baby formula and foods sold in developing nations contained excessive amounts of added sugars.

The study, by a Swiss NGO and the International Baby Food Action Network, found that in many cases, the equivalent goods marketed in developed nations had no extra sugars.

• Nestlé owns numerous product lines worldwide.
• Job cuts will impact sixteen thousand employees over the upcoming biennium.
• Cost reductions are projected to total 1bn SFr annually.
• Stock value increased seven and a half percent following the news.