Guno צְבִי
We fight, We win, Am Yisrael Chai
America’s biggest private company is laying off thousands of workers
Cargill, the megasized Minnesota-based food production giant, is laying off about 5% of its global workforce as food commodity prices drop.
Cargill is America’s largest privately held company, according to Forbes, and is also the world’s largest agricultural commodities trader. In a statement to CNN on Monday,
Cargill is big into the ingredients business. In simpler terms, the company is the middleman distributing grains, meat and other farm products around the world. It had profited heavily during the pandemic and its aftermath, thanks to inflation and geopolitical turmoil throwing food prices into disarray. But now, grocery prices are dropping.