Agribusiness giant Cargill is laying off thousands of its employees.Cargill confirmed this week that it would be reducing its global workforce by about 5%. In a statement sent to The Associated Press on Tuesday,

As a privately held company, Cargill doesn't regularly publish its finances publicly. A 2024 report from the company, however, noted that it operates in 70 countries and sells to 125 markets — raking in some $160 billion in annual revenue. That's down from $177 billion in revenues seen the year prior.