Archer-Daniels-Midland Co Announces Layoffs at Global Commodity Desk

Archer-Daniels-Midland Co, a leading agricultural commodity processing company, has announced layoffs at its global commodity desk in Switzerland. The decision follows a probe into the company’s accounting practices, which has impacted its value.

The layoffs are a response to the recent decline in the company’s stock price, which has been volatile over the past year. The stock price has fluctuated, reaching a low point in April but recovering somewhat since then.

Key Details

• The layoffs are a significant development for the company, which is a major player in the food products industry.
• The company has not disclosed the number of employees affected by the layoffs.
• The decision is a direct response to the probe into the company’s accounting practices.

Stock Price Performance

• The company’s stock price has been volatile over the past year.
• The stock price reached a low point in April but has recovered somewhat since then.
• The exact impact of the layoffs on the stock price is not yet clear.