Monsanto is Sinking: 3,600 Job Cuts as Corn, Roundup Sales Plummet

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By Christina Sarich

There’s a reason that Monsanto recently made a suicide bid for its competitor Syngenta’s business. The company continues to lose profits, with the latest numbers painting a continued stark financial picture for one of the most hated companies in the world. [1]

Announced just this past week, Monsanto related figures showing that sales in the company’s agricultural productivity segment, which includes its best-selling Roundup herbicide, fell 34% to $820 million for the quarter ended Nov. 30. Shares fell slightly due to the admittance.

Monsanto also revealed that it plans to cut more of their work force – a total of 3600 …read more

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