Cargill announces global layoffs, expansion in digital technology

WORLD – Cargill has announced plans to cut around 200 technology roles globally as part of a strategic shift towards enhancing its digital and data capabilities. 

A company representative stated that the restructuring aims to align the workforce with Cargill’s future technological and growth objectives. 

The company assured support and care for the employees impacted by these changes.

Despite the layoffs, Cargill is investing in its digital future. 

Last month, the agribusiness giant revealed plans to establish a new office hub in Atlanta dedicated to its Digital Technology and Data (DT&D) organization, which will operate independently from the positions being cut. 

In June, Cargill announced intentions to recruit approximately 400 professionals in areas such as data engineering, generative artificial intelligence, and SAP systems. 

Brian Sikes, Cargill’s board chair and CEO, highlighted Georgia and Atlanta as ideal environments for fostering technological innovation and growth. 

He emphasized that the new office hub would enable Cargill to leverage digital technology to propel its business forward.

The announcement comes after a successful fiscal year for Cargill, which saw revenues rise by 7% to US$177 billion as of May 31, 2023. 

The company attributed this growth to effective execution and strong customer partnerships. Significant investments made in 2023 also played a role in the revenue increase. 

These investments included a joint venture with Wayne-Sanderson Farms to enhance North American poultry operations and the acquisition of Owensboro Grain Co., which bolsters Cargill’s oilseed processing capacity. 

Additionally, Cargill completed the purchase of Croda’s bio-based performance technologies business, aiming to expand its portfolio of nature-based industrial solutions.

Cargill, employing over 160,000 people across 70 countries, continues to adapt and innovate despite the current workforce reductions. 

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