Agribusiness giant Cargill is laying off thousands of its employees.Cargill confirmed this week that it would be reducing its global workforce by about 5%. In a statement sent to The Associated Press on Tuesday,

As a privately held company, Cargill doesn't regularly publish its finances publicly. A 2024 report from the company, however, noted that it operates in 70 countries and sells to 125 markets — raking in some $160 billion in annual revenue. That's down from $177 billion in revenues seen the year prior.

Minnesota-based food supply chain company Cargill announced it will be laying off 5% of its global workforce. The distributor employs 160,000 people.

The food production company said that the cuts were part of a long-term strategy “to strengthen Cargill’s impact,” which includes realigning resources.

Cargill's latest annual report states the company employs more than 160,000 workers globally, meaning a 5% workforce reduction will represent around 8,000 jobs lost. According to Twin Cities Business Magazine, 475 employees will be impacted at Cargill's Wayzata headquarters.

Cargill has announced it will reduce its global workforce by roughly 5% - cutting hundreds of jobs at its Wayzata headquarters in the process.

Cargill Inc. is cutting thousands of jobs globally after the largest privately held company in the US missed profit targets.

Cargill confirmed this week that it would be reducing its global workforce by about 5%. In a statement sent to The Associated Press on Tuesday, the food production company said that the cuts were part of a long-term strategy “to strengthen Cargill's impact,

The company, which operates a meat-processing facility near High River that employs roughly 2,200 people, plans to cut five per cent of its global workforce.