Nestle plans to cut 16,000 jobs worldwide over the next two years. (Source: company) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Nestle, the Swiss multinational behind some of the world’s leading consumer brands, is set to slash around 16,000 positions globally as new CEO Philipp Navratil embarks on a sweeping overhaul to revive the company’s performance. The planned layoffs account for roughly 6% of its entire workforce, signalling one of the firm’s most significant restructuring efforts in recent years.

“The world is changing, and Nestlé needs to change faster,” said CEO Philipp Navratil.

Here’s a look at companies that have announced job cuts in the past 10 months:

1. TCS

Tata Consultancy Services (TCS), the technology wing of the Tata Group, has let go of aroun

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