Monsanto to Cut 2,600 Jobs as GMO Seed Sales Fall

ByAnthony Hours Published on Hours Updated on

It’s not looking too good for everyone’s favorite GMO seed giant. With sales figures crashing down, Monsanto has announced a plan to cut 2,600 jobs in an effort to cut costs — about 11.6% of the workforce.

And this isn’t the first time Monsanto has experienced a serious slump in sales. Back in February of this year, I told you about the ‘beginning of the serious decline’ for both Monsanto and McDonald’s. It’s a notion that would be considered absolutely absurd not too long ago, really. McDonald’s and Monsanto were the two ‘juggernauts’ that everyone loved to hate, but felt powerless against.

They were ‘too big to fail,’ we thought. And perhaps the corporate executives thought so, too. The truth is, however, that both of these companies had decades to actually improve their practices and regain public opinion. Why didn’t McDonald’s stop using cheap fillers and toxic compounds in favor of something that’s at least somewhat higher quality? Monsanto could have actually done something about the numerous reports by mainstream media organizations that detailed Indian farmer suicides as a result of the company’s terrible farming contracts.

Better yet, maybe Monsanto’s deep ties with the US government shouldn’t have threatened ‘trade wars’ with nations that would dare to oppose their GMOs. It’s all in The Guardian report about the 2007 WikiLeaks revelations surrounding Monsanto. The U.S. State Department was apparently even paying for Monsanto’s marketing material overseas.

But back to Monsanto shedding cash. Here’s what Reuters had to report:

Related posts:

  1. Flashback: Monsanto Profits Fell 15% on Weak Sales of GM Seed
  2. Monsanto’s Roundup Sales Plummeting, Driving Overall 12% Sales Decrease in Just 3 Months
  3. Monsanto Earnings Fall 34% as Farmers Reject GMO Crops
  4. Syngenta Halts GMO Corn Seed Sales in Canada Due to Importer Resistance

Natural Society staff contribution

23 Comments

  1. 69troyjan says:

    Go to hell where you belong Monsanto, take Obama with you !

    Reply
  2. Bradley James says:

    And now the TPP will boost Monsanto sales as we are forced to buy GMO . A revolution is near. Do not fall for civil war. Revolt like our founders did against tyrannical king George and clan .

    Reply
    1. Reg Walsh says:

      And let us not forget the way California – the nation’s breadbasket, is being destroyed by saturation geo-engineering to make way for aluminum resistant GMO’s to dominate the market. Echoes Steppenwolf’s ‘Monster’: “America where are you now, don’t you care about your sons and daughters. Don’t you know we need you now, we need someone to fight the Monster.”

      Reply

  3. The Mafia business model is the same as all Corporate business models. Now that I think of it, the mob should have been charging Wall Street a licensing fee….. :-/

    Reply
  4. EDH_Addict says:

    Not that I’m defending Monsanto (couldn’t care less about the company frankly), but corn prices are down in general due to high supply globally. It makes sense that farmers would cut back on purchases of seed and crop inputs like herbicides if there is an oversupply and low prices. Jumping to conclusions at this point isn’t very smart. It just makes a person look silly and highly biased.

    Reply
  5. freedomdove says:

    There goes bobo’s job!

    Reply
    1. Anonymous says:

      One can only hope.

      Reply
  6. GMOs Live Long & Prosper says:

    You seem to be the jealous type. It is really unbecoming.

    Reply

  7. Monsanto should cut their necks instead!
    Did I say I didn’t like them ?

    Reply
  8. Patrick McGean says:

    Dr. Richard L.Stump co host of the Sulfur Hour plus One on American Voice Radio Network.com says buy nothing in a box, then labeling will not be necessary. Dr Stephanie Seneff and Dr. Anthony Samsel have proven glyphosate increases the incidence of autism when vaccinated. Include Merck in your followup please. Vaccinations end on our watch. If necessary those doctors who advocate harming
    children, the definition of a pedophile, self defense could cost that doctor their life.

    Reply
  9. yankee phil says:

    At the next presidential elections concerned americans(all three of you) should get a candidate running to confront this GMO problem. Perhaps Berney would pick up the gauntlet for safe natural foods and seeds over the GMO poison Monsanto,Bayer , Cieba Giegy,and Dow chemical are pushing, you’d have to ask him to do so in a petition.

    Reply

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