Cargill Announces 8,000 Global Job Cuts Amid Earnings Shortfall
TL;DR Summary
Cargill is laying off about 8,000 employees, or 5% of its global workforce, as part of a corporate restructuring aimed at improving competitiveness amid declining sales and profits. The layoffs, which include 475 jobs at its Minnetonka headquarters, are part of a broader strategy to streamline operations and cut costs following a significant drop in profits. The company is reorganizing its business units and reducing workforce layers to address market challenges and align with its 2030 plan.
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