Many of John Deere's recent layoffs have focused on the production and precision agriculture areas
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The decision comes as a part of efforts to control operating costs ahead of its initial public offering (IPO)
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This shift, while reducing carbon emissions by 5 million tonnes annually, also necessitates a smaller workforce
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The job cuts come in the wake of a significant financial downturn, with the company reporting a €4.6 billion ($4.9 billion) loss in 2023
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This move is part of the company's efforts to streamline operations and achieve financial sustainability
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To address mounting losses, Paytm aims to save Rs 400-500 crore through an employee cost reduction plan, potentially affecting 5,000-6,300 employees
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This move aims to streamline operations, reduce costs (around US$230 million in savings), and better handle inflation
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The plan involves cutting domestic jobs and relocating office functions from central Tokyo to Kawasaki
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Bakshi, who assumed the role in January to oversee the company's day-to-day operations, has stepped down after only four months
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