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

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

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.

"For nearly 160 years, Cargill has been a critical connector of the global food system," the company shared in a statement. "Earlier this year, we set a long-term strategy that continues that legacy,

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.