The agricultural equipment firm John Deere has lately laid off a lot of its workers. The corporate cited declining gross sales and the necessity to cut back prices as causes for the layoffs. The layoffs have affected employees in a lot of totally different departments, together with manufacturing, gross sales, and advertising. John Deere shouldn’t be the one agricultural equipment firm that has needed to lay off employees in latest months. Deere & Firm, the world’s largest agricultural equipment firm, has additionally laid off employees on account of declining gross sales.
The layoffs at John Deere have had a major impression on the employees who’ve been affected. Lots of the employees have been with the corporate for a few years and at the moment are dealing with the prospect of getting to search out new jobs. The layoffs have additionally had an impression on the native economic system, as lots of the employees who’ve been laid off at the moment are spending much less cash in the neighborhood.
