JD a 10B+ profit and having massive layoffs

jltrent

Well-known member
Silver Member
Joined
Aug 25, 2013
Messages
8,181
City & State/Province
Virginia
not a lot of loyalty, sympathy or what have you done for me lately for the employees. Deere announced it is moving the manufacturing of skid steer loaders and compact track loaders from its Dubuque facility to Mexico by the end of 2026.

The Department of Agriculture has also forecast farm income would slide 25.5% to $116.1 billion this year from 2023.

The news of layoffs comes amid a report on Wednesday that John Deere CEO John May has put his 80-acre horse farm property up for sale. Its asking price has been set at $3.925 million, according to its listing.

https://www.msn.com/en-us/money/com...n&cvid=1934f2c5ce3e44dea3b0f36af75e1b5f&ei=26
https://www.msn.com/en-us/money/mar...S&cvid=86dc2949283d423ca61973c426a834b8&ei=83
 
Last edited:
I live 20 minutes from John Deere’s Glass Palace.
A neighbor and I were just talking the other day about how John Deere somehow seems to have a crystal ball when it comes to the economy. They seem to know when to lay off workers and when to hire extra.
 

Latest posts

Back
Top