---
title: "EXCLUSIVE-ADM cuts jobs in grain trading division, sources say"
description: "Archer-Daniels-Midland (ADM) is reportedly cutting jobs in its grain trading and oilseed processing division, following a February announcement to reduce costs by $500 million to $750 million and cut "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/233179177.md"
published_at: "2025-03-25T22:04:50.000Z"
---

# EXCLUSIVE-ADM cuts jobs in grain trading division, sources say

> Archer-Daniels-Midland (ADM) is reportedly cutting jobs in its grain trading and oilseed processing division, following a February announcement to reduce costs by $500 million to $750 million and cut up to 700 jobs. The layoffs, affecting about 1.7% of ADM's global workforce, began at its Swiss office and may disrupt operations in its largest division. CFO Monish Patolawala has set regional cost-cutting targets amid ongoing U.S. investigations into accounting irregularities. The exact number of job cuts this week remains unconfirmed, and ADM has not commented on the situation.

Layoffs may be linked to February’s cost-cutting plan

CFO Patolawala set regional cost-cutting targets amid US investigations

By Ana Mano, Chris Prentice

SAO PAULO, March 25 (Reuters) - U.S. grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter. Chicago-based ADM (ADM.N) said in February it would cut up to 700 jobs and reduce costs by $500 million to $750 million over the next three to five years, after posting its lowest fourth-quarter adjusted profit in six years. The job cuts would represent about 1.7% of the company’s global workforce.

It was not immediately clear if the latest layoffs are part of that announcement or are additional staffing reductions. ADM did not respond to a request for comment.

Reuters could not confirm the number of job cuts this week.

The new wave of cuts began at ADM’s Swiss office, which is its European headquarters, one source said, speaking on condition of anonymity.

The cuts would be disruptive to ADM’s agricultural services and oilseeds business, said another source, as employees, including experienced traders, worried over who might be targeted next. That unit, ADM’s largest, houses the company’s global crop trading, transportation and storage, and oilseed processing operations.

The division appeared to be the focus for this round of cuts, rather than ADM’s nutrition unit, one of the sources added.

Each region where ADM operates was given specific cost-cutting targets by Chief Financial Officer Monish Patolawala, according to one of the sources.

ADM tapped Patolawala for the job last July as it dealt with multiple U.S. investigations, including a criminal one, related to accounting irregularities.

### Related Stocks

- [ADM.US - Archer-Daniels-Midland](https://longbridge.com/en/quote/ADM.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
