ST. LOUIS, Missouri --- While Monsanto seems to tower over the agriculture industry, both in terms of its political power and its potentially detrimental effects on the environment, low earnings are cutting into corporate profits and costing employees their jobs. Monsanto had already announced a major wave of layoffs in October when the
Monsanto To Cut 3,600 Jobs Over 2 Years As Public Protests Stymie Profits
Monsanto’s stock price crashed from a one-month high of $99.28 before reports of layoffs and low earnings brought it to a low of $89.81. Some analysts think it should be even lower.