Location: Moline, Illinois, USA.
Based on news reporting.
Deere & Company has announced layoffs affecting approximately 500 employees at its Moline, Illinois facility. The job cuts are a direct response to the financial strain caused by tariffs imposed during the Trump administration, which have impacted the company's operations and profitability. This decision reflects the ongoing challenges faced by the agricultural machinery manufacturer as it navigates a difficult economic landscape. The layoffs are part of a broader effort to streamline operations and reduce costs in light of declining demand for their products. The company aims to stabilize its financial position while continuing to serve its customer base effectively.
Deere & Company cut 500 jobs as of October 1, 2023.
That is roughly 0.6% of the 83,000 people Deere & Company employs.
LayoffTalk has tracked 33 layoff events at Deere & Company since January 2023, affecting a combined 26,046 employees.
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