Get the latest tech news
John Deere Hit With Layoffs Amidst Trump’s Idiotic Tariffs | The tractor company has said tariffs are contributing to an uncertain climate for its buyers.
The tractor company has said tariffs are contributing to an uncertain climate for its buyers.
John Deere, the tractor seller, recently announced a raft of layoffs, but right before doing that, it held an unfortunate earnings call during which executives revealed that the company had seen a downturn in profits. The New Republic reports that, during the company’s recent earnings call, Cory Reed, president of John Deere’s Worldwide Agriculture and Turf Division, noted that the tariffs were a factor in buying decisions. While the side effects of Trump’s tariff regime haven’t been quite as apocalyptic as some analysts initially imagined, the economy isn’t doing great, and small business owners are clearly feeling the pain from the new economic order.
Or read this on r/technology
