The world’s largest packaged food company, Nestlé, has just announced plans to slash a jaw-dropping 16,000 jobs in the near future.
New Nestlé CEO Philipp Navratil wasted no time making big changes after stepping into the role. Over the next two years, the company plans to cut 16,000 jobs — a move expected to save roughly $3.7 billion.
According to Yahoo Finance, Nestlé has also raised its cost-savings goal to 3 billion Swiss francs (about $3.7 billion USD) by the end of 2027, up from a previous target of 2.5 billion francs.
Fox Businessreports that Navratil has been on the job for just one month and is already taking drastic steps to get the company back on track and keep shareholders happy.
Navratil stepped into the role after former CEO Laurent Freixe was ousted without a severance package over an undisclosed relationship with an employee and favoritism allegations — less than a year into his tenure.
According to Yahoo Finance, about 12,000 office jobs will be cut, plus another 4,000 positions in factories and supply chains. Navratil says Nestlé needs to “change faster” to keep up with a changing world.
Despite the leadership shake-up and looming layoffs, Nestlé appears to be regaining its footing. The company has increased revenues back to pre-2024 levels following a turbulent fiscal year.
What is Nestle’s Top Seller?
Nescafé, KitKat, and Purina are amongst the most sold brands under the Nestle umbrella.
Snacks from the ’90s That Have Disappeared
Was there anything better than opening your lunch box and seeing Shark Bites packed in next to some Hi-C Ecto Cooler? A simple pleasure kids of today can’t experience.
What other snacks came and went from our lives in the 1990s and beyond? Follow us as we look back at some ’90s snacks that have since disappeared.
Gallery Credit: Wood
24 Country Artists Who Had Embarrassing Wardrobe Malfunctions
The battle between looking good and being comfortable is one of the biggest in country music when it comes to fashion. While many outfits do their job just fine while our favorite artists do theirs, there are times when the outfits fail. These are called wardrobe malfunctions.
We’ve rounded up several of country music’s biggest fashion faux pas, and while some of these can be laughed off, there are others that will be hard to live down. There are even a few that resulted in injuries — and not just to the ego!
Keep scrolling to see the most embarrassing wardrobe malfunctions in the genre’s history.