Deere & Company Faces Layoffs Amid Earnings Slowdown
SOURCENews reportView the filing ↗
What we know
Location: Moline, Illinois, USA.
Based on news reporting.
Summary
Deere & Company has announced layoffs affecting approximately 2,000 employees as part of its response to an earnings slowdown and tariff headwinds. The layoffs are set to take effect on October 1, 2023, impacting operations primarily in Moline, Illinois. This decision comes as the company navigates challenging market conditions and seeks to streamline its workforce. The layoffs reflect a broader trend in the agricultural machinery sector, where companies are adjusting to fluctuating demand and economic pressures. Deere's management has indicated that these cuts are necessary to maintain competitiveness and ensure long-term sustainability.
Deere & Company cut 2,000 jobs in IL as of January 18, 2026.
That is roughly 2.4% 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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