Archer-Daniels-Midland initiated a new wave of job cuts in its grain trading and oilseed processing division on March 26, 2025. This action is part of the company's previously announced plan to reduce its global workforce by 600-700 roles and achieve $500-$750 million in cost savings over the next three to five years.
The layoffs began at ADM's Swiss office, which serves as its European headquarters, impacting its largest business segment. These targeted reductions aim to ensure ADM's cost structure remains globally competitive amidst low crop prices and eroding profits.
The company stated that these actions are a direct component of the broader cost-saving initiatives announced earlier in the year. Chief Financial Officer Monish Patolawala has set specific cost-cutting targets for each region where ADM operates.
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