Cargill, the largest private company in the U.S., is laying off approximately 5% of its global workforce, equating to about 8,000 jobs, due to pressure from lower commodity prices. The layoffs are part of the company's long-term strategy to strengthen its portfolio and maximize competitiveness as profit margins for commodity crops like wheat and soybeans decline.
Cargill , the largest private company in the U.S., is trimming its global workforce as it faces pressure related to lower commodity prices . The Minnesota-based company, which is also one of the world’s largest globally active agricultural commodity traders, told FOX Business that approximately 5% of its workforce are being laid off. That equates to about 8,000 jobs. Cargill said the layoffs are part of a "long-term strategy" that the 160-year-old company laid out earlier this year.
The World Bank projected that commodity prices are expected to decline by 5% in 2025 and 2% in 2026. The World Bank’s aggregate commodity price index is projected to reach its lowest level since 2020.
Cargill Layoffs Commodity Prices Workforce Reduction Agricultural Industry Profit Margins
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