John Deere Layoffs 2024 India. Ola electric will lay off about 500 employees. The agricultural sector sees challenges as john deere scales back operations amid a 4.4% farm income decline in 2024.
The layoffs, which account for over 12% of ola electric’s workforce, are a strategic measure to eliminate redundancies, enhance operational efficiency, and align the organisation. John deere has announced that it is set to move some production from their dubuque work plant to new facility in mexico, resulting in mass layoffs for staff.
