John Deere announced additional reductions in its workforce earlier this month.
Officials would not comment on how many salaried positions are being cut but said that as “part of the smart industrial redesign, we are aspiring to become a leaner organization that’s more capable of responding to rapidly changing market conditions and customer demands with enhanced speed and flexibility.”
To that end, the company is “broadening spans of control and reducing layers across our company to further empower employees, drive efficiencies, improve communication, and respond to changing market conditions more quickly.”
The smart industrial redesign is the latest step taken by the manufacturer as it continues to focus on precision ag.
The decision came immediately after a second round of buyouts for salaried employees concluded. Those buyouts also were part of the smart industrial redesign.
The two actions were unrelated, a Deere official said.
Deere also offered buyouts earlier this year. That was the second round of buyouts for salaried positions in 2020.
Production workers have also been subject to layoffs at Deere facilities in the Quad-Cities and Iowa.
Deere’s next earnings report is Friday. In late May, the company projected its net income would fall by $1 billion this year.
Source: The Courier