John Deere Dismissing Significant Portion of Global Salaried Workforce - AgWeb

According to online sources, some John Deere employees are being scheduled into virtual “layoff” notification meetings.

(Logo: John Deere)

(Editor’s Note: This article’s original headline contained information that could not be substantiated and has been edited.)

As a depressed farm economy continues to roll on – many ag economists are projecting bearish demand for equipment, commodities and inputs to last well into 2025 – salaried employees with John Deere are anxiously awaiting news regarding their employment status with the equipment manufacturer today.

Many employees were instructed to work from home through July 26, and online sources on the Reddit thread r/johndeere are sharing the unfortunate news that John Deere is moving forward today with another round of mass layoffs.

Online sources say the layoffs cut across a wide swath of John Deere global corporate and administrative divisions.

John Deere recently shared the company “employs approximately 30,000 people in more than 60 U.S.-based facilities across 16 states.” The manufacturer is also moving skid steer and compact track loader manufacturing units from Dubuque, Iowa, to Mexico to curb its manufacturing costs.

Online speculation in the run-up to today’s virtual layoff meetings suggested that most of the job cuts would target the highest tenured and highest compensated salary workers, but sources thus far are reporting that the layoffs run the spectrum from recent hires to long time employees and everyone in between.

Farm Journal’s own U.S. Farm Report host Tyne Morgan is scheduled to conduct an interview discussing the situation at John Deere with executive Cory Reed.

Stay tuned in the coming days to catch her sit down with Reed.

UPDATE: WQAD-8 ABC in Moline, Illinois, is reporting John Deere has confirmed that reductions in their global salaried workforce have begun.

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