Largest Private Company in US Is Quietly Firing Thousands Before Christmas Because Grocery Prices Are Falling

Cargill, a major ingredients business and food production company, is quietly firing about 8,000 employees before Christmas as crop prices fall. (Credit: Matthew Stockman/Getty Images)

The largest private company in the U.S. is quietly firing about 8,000 employees before Christmas as grocery prices fall across the country.

Cargill, a major ingredients business and food production company, has been hit hard after grocery prices dropped recently as crops the company trades, including wheat, corn and soybeans, hit new lows, as reported by Reuters.