Location: Shanghai, China.
Department affected: Global Commodity Desk.
Based on news reporting.
Archer-Daniels-Midland Company (ADM) has announced job cuts in Shanghai, impacting approximately 100 employees. This decision comes as the company halts domestic trading in China, a move that reflects the challenges faced in the region. The layoffs are part of a broader strategy to adjust operations amid changing market conditions. ADM's actions indicate a significant shift in its business strategy in response to the current trading environment in China.
Archer-Daniels-Midland Company cut 100 jobs affecting its Global Commodity Desk team as of October 1, 2023.
That is roughly 0.2% of the 40,213 people Archer-Daniels-Midland Company employs.
LayoffTalk has tracked 13 layoff events at Archer-Daniels-Midland Company since October 2023, affecting a combined 5,836 employees.
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