MONSANTO TANKING: Posts $495 million quarterly loss and plans to eliminate 2,600 jobs


Due to falling sales of its biotech seeds and herbicides, Monsanto has announced it will be cutting 2,600 jobs, setting up a plan to reduce their 22,500-employee workforce by about 12 percent over the next two years.

This is the first time the company has laid people off since 2009, when it cut 900 jobs.

The extreme measures are a result of a near half a billion dollar loss Monsanto suffered in its fiscal 4th quarter this year.  Shares in Monsanto stock have dropped 26% since the beginning of 2015.  The lay-offs and reorganization of the company will cost them roughly $850 million.

Monsanto is on its heels after a global awakening of the dangers of pouring toxins on food.  Countries across Europe, Asia and South America have banned glyphosate, the main ingredient in Monsanto’s Roundup herbicide.

In March of 2015, the World Health Organization rescheduled glyphosate as a Group 2A carcinogen, announcing that it probably causes cancer.–finance.html?soc_src=mediacontentsharebuttons&soc_trk=fb

Article originally published on which is a free & open source blog, however embeds may not be.

A quick note from our founder-

Over the past year, my friend Dave at PaleoHacks has been working on a secret cookbook with world-renowned Le Cordon Bleu chef Peter Servold.

Well, today this new this new incredible Paleo Cookbook is finally available to be shipped right to your door for FREE

That’s right — as a special launch promotion, we’re offering our brand new Paleo fat loss cookbook to you for free (Chef Pete lost 60 lbs using these recipes!) — All you have to do is just cover a small shipping cost (international shipping is a bit more).

Get your FREE copy of Paleo Eats Here. (Grab this today, because we only ordered a small batch of these cookbooks for this freebie promotion, and they will sell out FAST!)

–> Get The Free Cookbook