Cargill lays off 5% of its workforce, with job cuts impacting thousands of employees globally ...Middle East

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NEW YORK (AP) — Agribusiness giant Cargill is laying off thousands of its employees. Cargill confirmed this week that it would be reducing its global workforce by about 5%. In a statement sent to The Associated Press on Tuesday, the food production company said that the cuts were part of a long-term strategy “to strengthen Cargill’s impact,” which includes realigning resources. Minnesota-based Cargill did not immediately provide further specifics around the layoffs. But a 2024 annual report from the company noted that it had more than 160,000 employees worldwide, meaning the latest job cuts would be set to impact around 8,000 workers. As a privately-held company, Cargill doesn’t regularly pu

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Last updated : 03 Dec 2024 clock 07:52 PM

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