John Deere Layoffs 2024. Confirmed monday, july 1, 2024, that it’s laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Reed says john deere expects equipment sales to be down 20% in.

John deere says recent layoffs of both its salaried and production workforce are due to lower net farm income, higher interest rates and market volatility. John deere’s 2024 fiscal year saw construction net sales down 12% and a continued plan to underproduce retail demand for its construction equipment in the first half of.