Nestlé (NSRGY) Stock: New CEO Announces 16,000 Job Cuts Despite Sales Growth

TLDR Nestlé plans to cut 16,000 jobs over the next two years, representing about 6% of its workforce The company increased its cost savings target to $3.7 billion by end of 2027, up from $2.5 billion Third quarter sales rose 4.3%, with real internal growth of 1.5% beating analyst expectations of 0.3% Nestlé stock surged [...]

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