Nestlé Cuts 16,000 Jobs Amid Anti-Israel Boycotts
October 17, 2025 | Source: Press TV
The Swiss food giant Nestlé, which maintains business ties with the Israeli regime, plans to cut 16,000 jobs globally, as a boycott campaign targeting the regime has expanded following its genocidal war against Palestinians in Gaza.
On Thursday, Nestlé, which is famous for its top brands Nescafé and KitKats, said that the job cuts will take place over the next two years.
The company added that it is increasing targeted cost cuts to 3 billion Swiss francs ($3.76 billion) by the end of next year, up from a planned 2.5 billion Swiss francs ($3.13 billion).
“The world is changing, and Nestlé needs to change faster,” CEO Philipp Navratil said in a statement.
Nestlé will eliminate 12,000 white-collar positions in multiple locations, and 4,000 jobs as part of ongoing productivity initiatives in its manufacturing and supply chain.
These job cuts are projected to save Nestlé 1 billion Swiss francs ($1.25 billion) annually by the end of next year.