Cargill Foods India

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, the food production company said that the cuts were part of a long-term strategy to strengthen Cargill's impact, which includes realigning resources. Minnesota-based Cargill did not immediately provide further specifics around the layoffs. But a 2024 annual report from the company noted that it had more than 160,000 employees worldwide, meaning the latest job cuts would be set to impact around 8,000 workers. As a privately-held company, Cargill doesn't regularly publish its finances publicly. A 2024 report from the company, however, notes 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. This week's layoff announcement arrives while much of the agricultura

Cargill, which frayed into the starch and sweeteners segment around three years ago, majorly focusses on edible oil, chocolates and cocoa

Animal nutrition, health oils, cocoa products, building silos are new growth areas

Although the pipeline will be laid in the second phase, this will be the first of its kind project to transport edible oil via a pipeline