Reported about 1 year ago
Another long-standing company, the American agricultural machinery giant founded in 1837, John Deere, recently announced the official layoff of over 610 employees on August 30, blaming market demand decline and rising operating costs. The laid-off workers will receive a compensation of six months' salary. This move is part of the company's efforts to balance its business operations amidst uncertainties in the agriculture machinery sales market.
Source: YAHOO