Nestle SA

NESN: XSWX (CHE)

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Nestlé: New CEO Pushes for Transparency With Target of 16,000 Job Cuts

Diana Radu

Oct 16, 2025

Nestlé reported nine-month organic sales growth of 3.3%, with real internal growth (volume and mix) turning positive in the third quarter. New CEO Philipp Navratil announced a set of priorities, including a target of cutting 16,000 roles. Shares were up 8% in early trading on Oct. 16.

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Nestle SA

Nestlé: New CEO Pushes for Transparency With Target of 16,000 Job Cuts

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