American shoppers face an additional $132 in holiday costs due to new tariffs, with electronics hit hardest at $186 extra per buyer. Retailers brace for consumer pushback as tariffs add $40.6 billion to seasonal spending.
Nestlé will eliminate 16,000 positions over the next two years as new CEO Philipp Navratil implements aggressive cost-cutting measures. The job reductions come amid leadership turmoil following the dismissal of former chief executive Laurent Freixe.
Nestlé, the global consumer goods giant, will cut approximately 16,000 jobs over the next two years according to reports from the company’s first trading update under new leadership. The reduction represents nearly 6% of the company’s total workforce and marks one of the most significant restructuring efforts in recent years for the consumer goods industry.
