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Nespresso to Cut 178 Jobs in France.
Admin Economic news
Nespresso to Cut 178 Jobs in France.

Nespresso, the premium coffee brand owned by Swiss multinational Nestlé, has announced plans to cut up to 178 jobs in France as part of a wider global cost-reduction strategy.

The job cuts will mainly affect marketing and customer service operations in France. However, the company confirmed that its sales network and retail boutiques will not be impacted by the restructuring.

Nespresso currently employs around 1,300 people in France. As part of the reorganization, customer relations services will be consolidated at the company’s Paris headquarters, resulting in the closure of its Lyon site dedicated to this activity.

The company stated that the restructuring will be implemented through internal mobility, voluntary departures, and end-of-career schemes. Nespresso also emphasized that no forced redundancies are planned before 2027.

This move is part of a broader restructuring plan announced in October 2025 by Nestlé’s new CEO, Philipp Navratil. The global strategy aims to eliminate around 16,000 jobs worldwide and achieve more than €1 billion in cost savings by 2027.

Management explained that the changes are necessary due to rapid shifts in the global coffee market. They stated that the company must adapt its organization to remain competitive and support long-term growth.

Earlier, Nestlé also announced additional job reductions in France, including support functions at its headquarters in Issy-les-Moulineaux and research centers in Tours and Lisieux.

While the restructuring reflects significant operational changes, Nespresso confirmed that its retail boutiques and customer-facing sales teams in France will continue to operate without disruption.

UBS Continues Job Cuts During Credit Suisse Merger.
Admin Swiss news
UBS Continues Job Cuts During Credit Suisse Merger.

UBS has reportedly eliminated several hundred additional jobs across Europe, the Middle East, and Africa as part of its ongoing integration of Credit Suisse. The latest workforce reductions mainly affect support roles, although some client advisory positions have also been impacted, according to media reports.

The Swiss banking giant has not officially confirmed the number of affected employees. However, UBS has consistently stated that it aims to reduce overlapping functions created by the acquisition of Credit Suisse while minimizing compulsory redundancies wherever possible.

A UBS spokesperson reiterated that workforce reductions will occur gradually over several years through natural staff turnover, early retirement programs, internal mobility, and the replacement of external contractors with internal employees. This approach was first outlined after UBS completed the historic takeover of Credit Suisse in 2023.

The bank’s latest financial results show that its workforce declined from 103,177 full-time positions at the end of 2025 to 101,594 by the end of March 2026. Industry analysts estimate that the total workforce could eventually fall to around 80,000 employees as integration efforts continue.

Since acquiring Credit Suisse, UBS is believed to have reduced approximately 17,500 positions globally. In Switzerland alone, the bank previously announced plans for around 3,000 job reductions as part of the merger process.

UBS Chief Executive Officer Sergio Ermotti stated earlier this year that most of the planned Swiss job cuts are expected during the second half of 2026 and early 2027. The reductions are closely linked to the completion of the migration of former Credit Suisse clients and operations onto UBS systems.

Despite the ongoing restructuring, UBS maintains that the integration remains on track and is focused on creating a stronger and more efficient global banking group. The merger continues to be one of the largest banking consolidations in Swiss financial history, with significant implications for employment and the future of the country’s banking sector.

Infosys AI Policy: No Layoffs Announced, Employees Relieved.
Admin Technology
Infosys AI Policy: No Layoffs Announced, Employees Relieved.

Infosys has reassured its employees by announcing that the company will not carry out any layoffs despite the rapid rise of Artificial Intelligence (AI) in the IT industry.

Chief Executive Officer and Managing Director Salil Parekh confirmed that Infosys is focusing on hiring and reskilling rather than reducing its workforce. He emphasized that the company aims to leverage AI technology to expand opportunities instead of cutting jobs.

This announcement has brought significant relief to thousands of employees who were worried about job security amid global tech industry layoffs.

Infosys also confirmed that it did not implement any workforce reductions last year and does not anticipate any layoffs in the near future. Instead, the company plans to continue large-scale campus recruitment, aiming to hire around 20,000 fresh graduates this year.

Parekh explained that while entry-level job roles are evolving, AI will expand job opportunities rather than reduce them. He highlighted that the company is actively training engineers to work with AI tools, enabling them to build, evaluate, and improve AI-generated code.

Meanwhile, several global IT companies such as TCS, HCLTech, Oracle, and Cognizant have recently undertaken restructuring and job cuts, raising concerns across the sector.

Despite these trends, Infosys stated that AI currently contributes about 5.5% of its revenue and is growing rapidly. The company expects AI to become a major driver of future growth rather than a threat to employment.