Deere & Company Announces Layoffs Amid Farm Crisis
SOURCENews reportView the filing ↗
What we know
Location: Moline, Illinois, USA.
Based on news reporting.
Summary
Deere & Company has announced layoffs affecting approximately 1,000 employees as part of its response to ongoing challenges in the agricultural sector. The layoffs are a direct consequence of a farm crisis exacerbated by rising costs, including a $600 million tariff burden. The company is taking these measures to streamline operations and maintain financial stability during these turbulent times. The layoffs are set to take effect in early October 2023, impacting various roles within the organization. This decision reflects Deere's efforts to adapt to changing market conditions and ensure long-term sustainability.
LayoffTalk has tracked 29 layoff events at Deere & Company since January 2023, with 29 additional events known from news reporting.
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