Nestlé to axe 16,000 jobs as new chief targets sales growth

Nestlé has announced a significant reduction in its workforce, planning to cut 16,000 jobs, which represents nearly 6% of its global staff. This move, driven by the new chief executive's focus on boosting sales growth, will predominantly affect white-collar positions. The decision highlights the challenges the company faces in a competitive market and raises concerns about the impact on employees and the economy. As Nestlé aims to streamline operations, this drastic measure underscores the ongoing shifts in the corporate landscape and the pressures companies face to remain profitable.