Microsoft (MSFT) announced on [date] that it will lay off 9,000 employees, following earlier cuts of 6,000 in May, bringing total layoffs to 15,000 recent job cuts.
The agricultural sector is facing a labor shortage, with U.S. farms increasing output without hiring more workers. From 1948 to 2017, U.S. agricultural output nearly tripled while the number of hours worked plummeted by 80%, partly due to rising education levels among farm workers from 4% in 1950 to 41% in 2017.
Archer Daniels Midland (ADM), a key player in agriculture, is leveraging AI technology to optimize operations and is projected to benefit from rising corn prices, which have been closely linked to the company’s stock performance.
