After DEI Disaster, John Deere Announces More Layoffs Amid Worsening Farm Slump
17th October 2024
Illinois-based John Deere said a deepening farm slump has led to a drop in demand for its agricultural equipment, triggering a new round of layoffs across multiple US-based tractor factories. This also comes as Deere pulled back on disastours diversity, equity, and inclusion initiatives following conservative backlash and boycotts.
John Deere has an increasingly negative reputation among farmers for neither making prompt repairs to ailing machinery nor giving their customers the necessary information to fix stuff themselves.
Local media outlet De Moine Register reported a new round of layoffs will total about 287 workers from two Deere factories.
Deere executives were kind enough not to fire the workers before Christmas because doing so would have been a PR nightmare. The layoffs are concentrated at its Harvester Works factory in East Moline, Illinois, and just a handful of layoffs at its Cylinder operations in Moline, Illinois.
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Demand for tractors and combines has tumbled since crop prices dropped, borrowing costs remained elevated, and inflation continues eroding farmer margins.
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