Corteva is preparing to lay off roughly a thousand of its workers across the globe as part of the seed and pesticide maker’s broader restructuring plan.
Corteva, which was part of DowDuPont before it was spun out of the industrial conglomerate in 2019, said at an investor presentation on Tuesday that it is laying off about 5% of its 21,000-person global workforce. The company is a top supplier to Iowa soybean producers, Brazilian corn operations and other farmers around the world.