Prominent Business Announces Layoffs: CT News

Prominent Business Announces Layoffs: CT News

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CWEB Business News: Nestlé to lay off 16,000 workers under new CEO

Nestlé has announced that it will be laying off 16,000 employees across global operations over the next two years. The giant coffee and food corporation said that the step is being taken to cut costs as well as as a result of automation. The Vevey, Switzerland headquartered global giant saw a small rise in […]

Nestlé announces 16,000 layoffs as food giant accelerates AI strategy

‘The world is changing, and Nestlé needs to change faster,’ the new company CEO said. Andrew Moran The Epoch Times 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 […]