Nestle Layoffs: FMCG giant to layoff 16,000 jobs in..., new CEO Philipp Navratil says 'Hard but neccessary...',

Nestl Layoffs News: Nestl 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. Nestl in its statement, said that the layoffs will be completed in a period of two years.