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Nestlé's CEO, Philip Navratil, encapsulated the company's strategic shift, emphasizing that the rapidly changing world necessitates swift adaptation. He stated, "The world is changing, and Nestlé needs to change faster. This includes making hard but necessary decisions to reduce headcount."
While this might sound like a typical corporate restructuring, the real motivation appears deeply intertwined with technological advancement. Nestlé anticipates these layoffs will save the company nearly $4 billion, a clear indication that automation and AI are being heavily integrated into their processes.