CHICAGO, Oct 29 (Reuters) - U.S. agribusiness Cargill
Inc said Wednesday it is permanently laying off 80
employees in Minnesota and an undisclosed number globally in the
latest wave of job cuts among agricultural companies hit by a
broader farm sector slump.
The layoffs, part of a plan announced last December to cut
its workforce by 5%, were aimed at "reducing redundancy in
select professional areas," Cargill said in an emailed
statement.
The layoffs were not triggered by any business exits and
were not tied to replacing human workers with automation or
artificial intelligence, the Minnesota-based company said.
Cargill is the largest privately-held U.S. company, with a
global workforce of about 155,000.
About 80 employees in Minnesota, including staff at
Cargill's Wayzata Office Center, will be laid off beginning on
December 31 and will be offered severance pay and outplacement
services, according to a Cargill letter sent to the Minnesota
Department of Employment and Economic Development on Monday.
Cargill's workforce reductions are the latest in a wave of
job cuts following announcements at tech giant Amazon ( AMZN ), retailer
Target and others, and the firing of numerous federal government
employees.