Thread regarding Cargill layoffs

Which functions /seniority levels / locations are at a higher risk?

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| 2141 views | | 9 replies (last November 26, 2024) | Reply
Post ID: @OP+1vCfiy64

9 replies (most recent on top)

Not the person you responded to, but if I had to speculate, anyone making >$150k.

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Post ID: @4avj+1vCfiy64

What could be considered as a high compensation range?

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Post ID: @3tgr+1vCfiy64

They are targeting a $1bn reduction in SG&A on a total of $7.2bn. This is a 14% reduction overall and much of that is in headcount. They will be targeting higher compensation employees and non-operational or plant employees to reduce impact on customers and business performance.

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Post ID: @3tij+1vCfiy64

No, not performance based. They have a $$$ target to hit and will do by role.

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Post ID: @1oyq+1vCfiy64

What is the main criteria? Is it performance based?

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Post ID: @1iqc+1vCfiy64

It is 20k people across all levels, functions, and businesses. All businesses will be impacted but some more than others.

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Post ID: @1xia+1vCfiy64

Corporate shared role?

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Post ID: @1fln+1vCfiy64

What does corporate shared role mean?

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Post ID: @etl+1vCfiy64

Over 20 year tenure and any corporate shared role is the rumor

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Post ID: @zuw+1vCfiy64

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