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Swiss Food Giant Nestlé Announces Plans to Cut 16,000 Jobs
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October 16, 2025
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1:52Now PlayingFood 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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