John Deere has announced its intent to layoff some of its global production and salaried workforce in the coming months.
In a release, the company cited rising operational costs and declining market demand leading to overall structural changes to reduce redundancy in roles and responsibilities.
The number of affected employees or locations were not announced, and the reduction in salaried workforce is expected by the end of September.
Officials say the move is in conjunction with other cost control measures, including a hiring freeze, and allows Deere to continue investing into cutting-edge products for their customers.
