John Deere Announces Hundreds of Layoffs:
The company said ongoing weakness in the agricultural sector had led to softer sales and made the layoffs necessary.
newsweek.com/john-deere-announces-hundreds-layoffs-tariffs-2115511
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John Deere Confirms 238 Midwestern Job CutsAffected plants are in Illinois and Iowa, with listed final workdays ranging from August 29 to September 26.
Key FactsAug 19, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
- The cuts affect 115 workers in East Moline, 52 in Moline, and 71 in Waterloo.
- John Deere cited weaker demand, lower order volumes, and ongoing weakness in the agricultural sector as reasons.
- Third-quarter net income fell 26 percent to $1.3 billion; net sales and revenues declined 9 percent to $12 billion.
- Investor Relations Director Josh Beale put the projected pretax tariff impact at nearly $600 million, up from $500 million.
As the entire ag sector navigates these challenges, John Deere continues to provide customers the high-quality equipment they deserve while strengthening the foundations of U.S. manufacturing.— John Deere in a statement regarding their commitment during challenging times in the agricultural sector.
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