John Deere Layoffs June 2024. John deere says recent layoffs of both its salaried and production workforce are due to lower net farm income, higher interest rates and market volatility. Cuts continue at deere & co., as the ag manufacturer's executives have authorized early retirements at the ottumwa factory, cut more jobs at the same site and announced.

Tractor giant john deere faced backlash after announced it was laying off hundreds of workers across the midwest —. With 2024 net farm income expected to drop by 25%, the agricultural machinery and equipment industry is tightening its belt.