NEW YORK— Agribusiness giant Cargill is laying off thousands of its employees.
Cargill confirmed that it would be reducing its global workforce by about 5 percent. In a statement sent to The Associated Press on Dec. 3, the food production company said that the cuts were part of a long-term strategy “to strengthen Cargill’s impact,” which includes realigning resources.
Minnesota-based Cargill did not immediately provide further specifics around the layoffs. But a 2024 annual report from the company noted that it had more than 160,000 employees worldwide, meaning the latest job cuts would be set to. . .
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