Monsanto to Cut 12% of Workforce as It Forecasts Profit Drop

Updated on
  • Restructuring to save as much as $300 million, shed 2,600 jobs
  • Announces $3 billion accelerated share repurchase plan

Monsanto Co. Asgrow soybeans in Manlius, Illinois.

Photographer: Daniel Acker/Bloomberg

Monsanto Co. said it will eliminate 2,600 jobs as part of a cost-savings plan, joining a growing list of major corporations struggling to contain the damage from the decline in world commodities prices.

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