Unilever Plans Thousands of Job Cuts

The transcript discusses Unilever's recent executive changes, influenced by activist investors like Nelson Peltz, who demand organizational streamlining and brand reinvigoration. Unilever faces structural challenges, being in low-growth categories and heavily exposed to emerging markets affected by the pandemic. The company has been slow in adapting to fast-changing consumer trends compared to rivals like Nestle.

What does the term 'management bloats' refer to in the context of Unilever?

In what ways has Unilever been slow compared to its rival Nestle?