Cost-cutting to make a business more profitable in the long run sometimes requires mass layoffs and restructuring. Nestlé, a giant in the packaged foods industry, made a decision to cut its workforce by approximately 16,000 employees over the next couple of years. One of their goals is to significantly reduce the increasing costs the company has faced. Nestlé’s new CEO, Philipp Navratil, is leading the effort to make the company more efficient. This week, Navratil set a goal to save the company 3 billion Swiss francs (which is over 3 billion dollars when converted) by the year 2027. Fox Business Reported: Nestle, the world’s largest packaged-food company, is trimming its workforce by 16,000 over the next two years as it seeks to “substantially” reduce costs…
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