Cargill confirms it will cut 5% of global workforce [Video]

WAYZATA, Minn. — Minnesota-based international food supply-chain company Cargill is letting go of 5% of their staff globally. 

According to its factsheet, Cargill operates in 70 countries across the globe and employs more than 160,000 workers. Five percent of that is 8,000 people. 

Cargill is the nation’s biggest private company for the fourth year in a row, Forbes reports, despite seeing a nearly 10% drop in revenue. According to Forbes, CEO Brian Sikes described the marketplace as “extremely challenging” in the company’s 2024 annual report.

In a statement, Cargill said it is working to set a “long term strategy” to continue their nearly 160-year legacy. 

“As we look to the future, we have laid out a clear plan to evolve and strengthen our portfolio to take advantage of compelling trends in front of …