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blockonomi.com Nestlé (NSRGY) Stock: New CEO Announces 16,000 Job Cuts Despite Sales Growth

TLDR Nestlé plans to cut 16,000 jobs over the next two years, representing about 6% of its workforce The company increased its cost savings target to $3.7 billion by end of 2027, up from $2.5 billion Third quarter sales rose 4.3%, with real internal growth of 1.5% beating analyst expectations of 0.3% Nestlé stock surged [...] The post Nestlé (NSRGY) Stock: New CEO Announces 16,000 Job Cuts Despite Sales Growth appeared first on Blockonomi.

news.bitcoin.com Ethereum Foundation Deploys $6 Million and 2,400 ETH Into Morpho Vaults

The Ethereum Foundation has deposited 2,400 ETH and $6 million in stablecoins into Morpho’s yield-bearing vaults, reinforcing its long-term support for open-source, permissionless DeFi infrastructure. Morpho Investment Strengthens DeFi Ties for Ethereum Foundation The Ethereum Foundation (EF) has made a significant onchain move, depositing 2,400 ETH and approximately $6 million in stablecoins into Morpho’s yield-bearing […]