Cargill Announces Thousands of Layoffs

(Learfield News/Minnetonka, MN) — Cargill is planning to lay off about five percent of its workforce.

The Minnesota-based company is the world’s largest ag commodity trader, employing more than 160 thousand people worldwide.

An estimated 8,000 layoffs will occur across the board.

Reports indicate about 475 in-person and remote jobs will be cut at the company’s Minnetonka headquarters.

Affected workers will be notified this week, and terminations will begin in February.

In a statement, Cargill says the changes are part of a long-term strategy set earlier this year.