Nestlé Layoffs News: Nestlé will cut 16,000 jobs globally, the company said, over the next two years. The decision came a few weeks after the appointment of new Chief Executive Officer Philipp Navratil. Soon after taking charge, Navratil declared to push the company forward in a major transformation. The employee layoff is equal to 6 per cent of Nestlé's workforce. Announcing the new overhaul, Navratil said, “The world is changing, and Nestle needs to change faster.” “This will include making hard but necessary decisions to reduce headcount,” He added in his statement on Thursday.

Navratil came to the helm of the food-making giant early in September, and his appointment is a sign that the company has been planning a total transformation. Regarding who will be laid off, out of these 16,000

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