John Deere to lay off 600 employees across 3 factories

John Deere to lay off roughly 600 employees from three U.S. factories.
John Deere to lay off roughly 600 employees from three U.S. factories.(MGN | MGN Image (Credit))
Published: Jul. 7, 2024 at 6:24 PM MDT

(CNN) – John Deere is expected to soon lay off hundreds of employees across the U.S.

The farm-equipment company said it will let go about 600 employees across three U.S. factories by the end of August.

The decision is Deere’s latest in a string of production layoffs over the past year.

It also comes as the company shifts production to a newly planned facility in Mexico.

Deere has sought to reposition itself as a technology company amid falling agricultural revenue in the United States.