Cargill will eliminate 80 corporate positions at its global headquarters in Wayzata, Minn., according to numerous local reports, resulting in layoffs due to ongoing “business restructuring” efforts. Last December, the company announced a significant workforce adjustment by which Cargill would lay off 5% of its global workforce — roughly 8,000 employees.
This latest announcement appears to be closer to a continuation of that effort, what with the private company having posted $154 billion in annual revenue for the fiscal year that ended in May, according to numbers attributed to the Minnesota Star Tribune. That marked the second consecutive drop in annual revenue for Cargill.
News reports this week cited a WARN letter sent to the Minnesota Dept. of Employment and Economic Development that said the layoffs were part of a reduction in workforce that included other locations beyond the Wayzata offices.
Affected employees have already been informed, and they reportedly will be eligible for severance and assistance through the transition. The layoffs will occur by the end of the calendar year, the report noted.
About the Author
Andy Hanacek
Senior Editor
Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.