John Deere Layoffs 2024 Texas. John deere says recent layoffs of both its salaried and production workforce are due to lower net farm income, higher interest rates and market volatility. John deere has officially announced further employee reductions as part of its global workforce downsizing efforts, as reported by the corridor business journal.
John deere says recent layoffs of both its salaried and production workforce are due to lower net farm income, higher interest rates and market volatility. This is based on a share price of $402.65 and 279 million shares.