Watch Nestlé Announces Plans to Cut 16,000 Jobs as Nespresso, KitKat Maker Targets Cost Savings - Bloomberg

Oct 16th, 2025

Nestlé Announces Plans to Cut 16,000 Jobs

Food giant Nestlé announced plans to slash 16,000 jobs, just weeks after replacing its chief executive officer. The job reductions, amounting to about 6% of the workforce, will occur over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said Thursday. Bloomberg's Fabienne Kinzelmann reports.

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