Global commodities trader Cargill began laying off employees across its vast operations on Tuesday in a drive to slash headcount by 5%, sending U.S. workers from supply chain, inventory control and other roles to look for new jobs.

"Cargill could shed around 8,000 jobs under 5% global workforce reductions" was originally created and published by Just Food, a GlobalData owned brand.

Food supplier Cargill confirmed they will be laying off about 5% of its global workforce. According to Cargill, the decision to implement a 5% reduction in its workforce came after they set a long-term goal earlier this year to “evolve and strengthen our portfolio to take advantage of compelling trends in front of

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,

Following a fall in profits, Minnetonka-based Cargill will lay off 8,000 employees, or 5% of its global workforce.

Cargill, the world’s largest agricultural commodities trader, said it was slashing 5 per cent of its 164,000-strong workforce as part of a sweeping restructuring effort to restore profit margins. The move comes after the Minneapolis-based company reported falling revenues, driven by declining crop prices.

Global trading house Cargill said on Tuesday it plans to cut around 5% of its staff, or about 8,000 jobs after revenue slumped in its most recent fiscal year as crop prices hit multi-year lows.

Cargill, the largest privately-held company in the U.S. according to Forbes, is laying off 5% of its global workforce. The Minnesota-based ag commodities

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 Inc. is laying off thousands of workers globally as it faces pressures related to lower commodity prices. The cuts equate to about 8,000 jobs.

Cargill has facilities in East St. Louis and Columbia, Missouri, plus in Kansas City and along the Mississippi River in Florence and Meredosia, Illinois, about 100 miles north of St.