That was last quarter. You don’t have to be very good at economics to look at world crop supplies, the age of the current farming equipment fleet, and other such data and conclude this next year will be tough for ag companies like Deere.
Of course the above is nothing new - ag is a cyclical business, you see the above ever 5-10 years. Previous to the current CEO the last layoffs of this type of position was the mid 1980s - several other CEOs saw the same signs the current one does and were able to manage it without layoffs.
Are you feeling sorry for a soulless company that they didn’t steal enough pay from the employees and now they need to fire people to improve their quarterly report?
I’m strictly reporting facts. How you feel about them is your decision. Though I suspect you didn’t read everything I wrote if you come to that conlusion.
That was last quarter. You don’t have to be very good at economics to look at world crop supplies, the age of the current farming equipment fleet, and other such data and conclude this next year will be tough for ag companies like Deere.
Of course the above is nothing new - ag is a cyclical business, you see the above ever 5-10 years. Previous to the current CEO the last layoffs of this type of position was the mid 1980s - several other CEOs saw the same signs the current one does and were able to manage it without layoffs.
Are you feeling sorry for a soulless company that they didn’t steal enough pay from the employees and now they need to fire people to improve their quarterly report?
I’m strictly reporting facts. How you feel about them is your decision. Though I suspect you didn’t read everything I wrote if you come to that conlusion.