WATERLOO, Iowa — John Deere announced layoffs at its Waterloo Operations and Des Moines Works facilities due to decreased demand and lower order volumes. The workforce reductions will see 101 employees in Waterloo and 40 in Des Moines facing their last day of work on October 17 and October 31 respectively.
Despite these job cuts, John Deere plans to invest nearly $20 billion over the next decade to upgrade and enhance its U.S. manufacturing facilities. This investment aims to maintain competitiveness in the industry.
Economists attribute these layoffs to tariffs and a struggling farm economy. Dr. Peter Orazem, an economics professor at Iowa State University, emphasized the impact of tariffs on the current economic challenges. He noted that communities like Waterloo face difficulties in r