Nestlé Announces 16,000 Layoffs as Food Giant Accelerates AI Strategy

Nestlé, the world’s largest food company, is cutting 16,000 jobs worldwide over the next two years as part of cost-cutting efforts, the company announced on Oct. 16.

The job cuts will affect 6 percent of its global workforce. About 12,000 white-collar jobs and another 4,000 positions in manufacturing and the supply chain will be impacted.