Deere & Company lays off salaried employees due to economic challenges and rising costs.
Deere & Company, the world's largest agricultural equipment manufacturer, is laying off salaried employees amidst economic challenges, rising operational and manufacturing costs, and reduced customer demand. The company has not yet disclosed the number of employees affected, but has stated that it is committed to providing assistance and benefits to the affected salaried employees, including up to 12 months of severance, payment for earned and unused vacation or paid time off, ongoing health and wellness benefits, and 12 months of professional job placement services. The layoffs come as part of Deere & Company's efforts to position itself for future growth amidst the economic challenges it faces in the industry.
July 24, 2024
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