Reported 1 day ago
Cargill, the largest private company in America and a major player in global food production, is laying off about 5% of its workforce, approximately 8,000 employees, as food commodity prices decline. This decision is part of a longer-term strategy announced earlier this year, following a significant drop in profits, which fell to $2.48 billion, less than half of the previous year's record profits. The company aims to adapt to current market conditions while continuing to invest in its operations.
Source: YAHOO