Deere & Company Announces 71 Layoffs at Waterloo Location
SOURCENews reportView the filing ↗
What we know
Location: Waterloo, Iowa, USA.
Based on news reporting.
Summary
Deere & Company has announced 71 layoffs at its Waterloo location following its Q3 earnings report. This decision comes as part of the company's ongoing adjustments in response to market conditions. The layoffs are effective immediately, reflecting the company's efforts to streamline operations and manage costs. Deere's recent earnings report indicated challenges in the agricultural sector, prompting the need for workforce reductions. The company aims to remain competitive while navigating these economic pressures.
Deere & Company cut 71 jobs in IA as of October 30, 2023.
That is roughly 0.1% of the 83,000 people Deere & Company employs.
LayoffTalk has tracked 29 layoff events at Deere & Company since January 2023, with 29 additional events known from news reporting.
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