Deere (DE) has issued an update.
Deere & Company remains steadfast in its previously announced earnings outlook, even as it lays out a plan to streamline its workforce in the third quarter of fiscal year 2024. The company is set to trim both production and salaried employees, aiming to eliminate role redundancies and align with strategic goals. Despite these changes, investors are cautioned that such forward-looking statements carry inherent risks, and actual outcomes may differ due to various economic factors.
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