Nestlé plans to cut 16,000 jobs worldwide over the next two years, with most reductions in white-collar roles, as part of an automation and cost-efficiency strategy under its new CEO Philipp Navratil.
A new report highlights how generative AI is reshaping labor markets and boosting productivity, with a potential $6.6 trillion impact on the global economy and $4.1 trillion in gains for the US alone.