‘Drastic action’ | Nestlé CEO axes 16,000 jobs, demands automation & 'performance mindset' culture

Nestlé’s new chief executive has announced plans to axe 16,000 jobs, increase automation, and instil a performance-driven culture, as he attempts to accelerate growth at the consumer goods firm.

Nearly 6% of Nestlé’s total headcount is set to be cut over the next 24 months, including 12,000 white-collar roles and 4,000 positions across manufacturing and supply chain.