United Group Insurance

Deere announces layoffs at several Iowa locations

Ag/Outdoor, News

June 5th, 2024 by Ric Hanson

Iconic Iowa brand John Deere announced this week layoffs at several of its locations, confirming plans in a May 31 email to employees. The layoffs, according to Iowa Workforce Development, will affect the following sites:

  • John Deere Waterloo Works: 192 workers on June 21
  • John Deere Des Moines Works in Ankeny: 16 workers on June 6
  • John Deere Intelligent Solutions in Urbandale: 58 workers on June 6
  • John Deere Waterloo Works: 49 workers on June 6

Matthew Mitchell, a Drake University professor of strategy says the global company employs 70,000 worldwide, so the Iowa numbers represent a small part of the entire workforce. John Deere reported net income of $2.370 billion in its second-quarter earnings in May. The company forecasted net income for fiscal 2024 to be about $7 billion. The construction industry remains consistent while global ag and turf demands are not as strong, the company said.

The layoffs come after the company announced 190 workers would lose their jobs later this month. The company also announced more than 300 layoffs in April.