Deere&Co the world mega seller of farm machinery will decrease unrevealed number of employees in its world production and salaried workforce.
The company is facing high operational costs and decreased demand according to letter signed by Chief Executive Officer John May.
The maker of splendid green and yellow tractors this months slashed its annual outlook as downfall in agri income gives farmers less to spend on new machines.
“Unfortunately this mean parting with some of our talented and dedicated colleagues letter said.
Any adjustment will be finalized at end of 3rd quarter in July it said.
The number of affected employees or locations were not revealed and reduction in salaried workforce is expected by end of September.
The company has already revealed 684 layoff this year between plants in lowa and Illinois.
Official say move is conjunction with cost control measure including hiring freeze and allows Deere to continuer investing into cutting edge products for their consumers