ADM's Layoff Wave Hits U.S. Operations Amidst Grain Glut
ADM (Archer-Daniels-Midland) is set to implement significant layoffs across its U.S. facilities, including plants, ports, and warehouses, due to declining profits from low crop prices and a global grain surplus. The decision mirrors broader industry challenges, with corn, soybean, and wheat prices at multi-year lows and competitors like Cargill already trimming their workforces.
Feb 1