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News@lemmy.world · 5 months ago

John Deere lays off hundreds of employees, after a $10B profit year

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John Deere lays off hundreds of employees, after a $10B profit year

seth@lemmy.world to

News@lemmy.world · 5 months ago

An Unexpected Company Is Now Laying Off Hundreds in Illinois

An unexpected company is now laying off hundreds in Illinois by the end of summer due to a decline in market demand for its products.

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5 months ago
John Deer stock buybacks

April 30, 2024: $1.1 billion

January 31, 2024: $1.3 billion

October 31, 2023: $2.6 billion

July 31, 2023: $2.1 billion

April 30, 2023: $1.3 billion

January 31, 2023: $1.3 billion

October 31, 2022: $1.2 billion

July 31, 2022: $1.3 billion

Total: $12.2 billion in 2 years.

https://ycharts.com/companies/DE/stock_buyback

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