Nestle cuts 16,000 jobs. White-collar moves now.
Nestlé new CEO Philipp Navratil cut 16,000 jobs this week: 12,000 corporate roles over the next two years, 4,000 in manufacturing, distribution, and supply chain across the same window. That is the talent story I'm tracking hardest, and it's the kind of corporate reset that hits the white-collar food mfg layer on both sides of the Atlantic at the same time.