John Deere Layoffs 2024 January. The agricultural sector sees challenges as john deere scales back operations amid a 4.4% farm income decline in 2024. In august, the company reported a 17 percent decrease in net sales and revenues in its third quarter, but still expects a profit of $7 billion in fiscal year 2024.
John deere on thursday confirmed additional layoffs of 345 production workers from its operations in waterloo, effective sept. According to fox business, 280 workers will be let go at an east moline, illinois plant, 230 employees will be laid off at a factory in davenport, iowa, and another 100.
