Minnesota-based food supply chain company Cargill announced it will be laying off 5% of its global workforce. The distributor employs 160,000 people.

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, the food production company said that the cuts were part of a long-term strategy “to strengthen Cargill's impact,

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

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.

In a statement, Cargill said the move was part of its efforts to align talent and resources with a long-term strategy set earlier this year. The Minneapolis-based company has over

Minnesota-based food production giant Cargill is laying off approximately 5 percent of its global employees amid decreasing food prices. According to Forbes, Cargill is the U.S.'s largest privately held company,

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

Cargill and crop-trading rivals have seen earnings shrink after bumper crops sent corn and soybean prices tumbling.

"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,