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Cargill laying off 5% of workforce

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Cargill is laying off around 5% of its global workforce.

Officials with the Minnesota-based agribusiness corporation said the cuts are part of a long-term strategy “to strengthen Cargill’s impact."

Based on the company's 2024 annual report showing 160,000 employees worldwide, the cuts would amount to around 8,000.

Read more from The Associated Press.

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