John Deere to Lay Off Workers in Waterloo, Iowa by January

On Dec. 3, more than 100 John Deere workers in Waterloo, Iowa were told they will be without a job after the holiday season.

According to news reports from KCRG-TV in Cedar Rapids, Iowa, on Dec. 3, more than 100 John Deere workers in Waterloo were told they will be without a job after the holiday season. A total of 112 employees at John Deere Waterloo Works were told their last day would be Jan. 3, 2025, according to a news update published by KCRG-TV anchor and news reporter Rebekah Vaughan. 

The news report also noted that in Davenport, 80 workers will also be losing their jobs after the new year. Those layoffs were announced back in October and will take effect on January 3, 2025. 

This brings the total layoffs in Waterloo alone to more than 1,000. The news comes just weeks after Deere announced, in Deere's Q4 2024 earnings call Nov. 21, a net income of $7B last year, a 16% decrease from the year before. 

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