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America's biggest private company is laying off thousands of workers

Cargill, America's largest private company, is laying off nearly 2% of its workforce, which equates to approximately 1,000 employees, as part of a strategic restructuring to enhance efficiency and competitiveness. This decision comes amidst a backdrop of economic challenges including inflation, supply chain disruptions, and geopolitical tensions. The layoffs are part of a broader initiative to streamline operations, reduce costs, and adapt to the evolving market conditions. Cargill, known for its extensive operations in food, agriculture, financial, and industrial products, has stated that these measures are necessary to ensure long-term sustainability and growth. The company is also focusing on automation and digital transformation to improve productivity, while offering support to the affected employees through severance packages and job placement assistance.

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[ https://www.aol.com/finance/america-biggest-private-company-laying-222102494.html ]