Nestle said Thursday it will cut 16,000 jobs as the firm's new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant.

Food and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the "highest potential returns".

Nestle said Thursday that thousands of jobs will be cut only weeks after a new CEO took the helm of the globe's largest food and beverage company.

Nestlé increases speed and consumer focus with landmark digital core upgrade that enables AI and automation at scale.

Packaged food major Nestle India posted better than expected September quarter results led by strong volume growth across its ...

Significant AI upgrades of Nestlé's key software managing its global operations have taken a crucial step forward, as the business makes key major investment in improving its production efficiency ...