Cargill Foods India Limited

Agribusiness giant Cargill is laying off thousands of its employees. Cargill confirmed this week that it would be reducing its global workforce by about 5%. In a statement sent to The Associated Press on Tuesday, the food production company said that the cuts were part of a long-term strategy to strengthen Cargill's impact, which includes realigning resources. Minnesota-based Cargill did not immediately provide further specifics around the layoffs. But a 2024 annual report from the company noted that it had more than 160,000 employees worldwide, meaning the latest job cuts would be set to impact around 8,000 workers. As a privately-held company, Cargill doesn't regularly publish its finances publicly. A 2024 report from the company, however, notes that it operates in 70 countries and sells to 125 markets raking in some $160 billion in annual revenue. That's down from $177 billion in revenues seen the year prior. This week's layoff announcement arrives while much of the agricultura

Global food major Cargill on Monday said it has opened its first innovation centre in India to develop solutions for the food and beverage market. The first Cargill Innovation Center at Gurugram in Haryana, spread over almost 17,000 square feet, includes a sensory lab and demonstration kitchen, with capabilities to serve dairy, beverage, bakery, and convenience food industries, as well as other specialised culinary applications, a company statement said. The innovation centre will have 27 food specialists/scientists and will provide opportunities for aspiring talent from academia, agribusiness and food sectors as well. It will also allow R&D collaboration for companies of all sizes. Cargill said it would partner with its F&B customers in India to identify consumer demands, translate global industry trends into local application and accelerate customer product innovation pipelines. The centre combines Cargill's expertise across different industry segments, including edible oils

Cargill is investing heavily in automation tools and data analytics to improve sales efficiency