John Deere, faced with lower customer demand for equipment, declining sales, and a difficult ag economy, confirmed cuts in its global salaried workforce.
Corridor Business says Deere didn’t release details on the number of salaried employees affected. In a statement, the company says it’s been forced to make tough decisions, including layoffs at John Deere production facilities and reductions in the global salaried workforce.
The most recent round of cuts follow hundreds of previously announced layoffs of Deere’s production workers in recent months.
The company didn’t release when the salaried workforce reductions would take place.
In a statement, Deere said, “As the largest global manufacturer of agricultural equipment, John Deere, like many others, faces significant economic challenges, rising operational and manufacturing costs, and reduced customer demand, including a 20% decline in sales from 2023 to 2024.”
Impacted employees get up to 12 months’ severance pay based on years of service.
