Minnesota-based Cargill did not immediately provide further specifics around the layoffs. But a 2024 annual report from the company noted that it had more than 160,000 employees w

Global trading house Cargill plans to cut around 5% of its worldwide employees, according to an internal memo reviewed by Reuters on Tuesday. "The majority of these reductions will take place this year.

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

The job cuts come while much of the agricultural industry continues to face dropping prices for the commodities they trade.

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. Agricultural merchants including privately held Cargill are under pressure as prices of the commodity crops they trade,

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.