How companies like John Deere are capitalizing on recent wave of tech layoffs

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According to the Layoffs.fyi, there have been 280,000 layoffs in the tech industry since the start of 2022, but one company’s loss is another’s gain.

The number of layoffs in the tech industry are increasing. More than a quarter million people have been laid off over the course of the last year, according to Layoffs.fyi, a website tracking the industry.

In the fall of 2022, John Deere, headquartered in rural Moline, Illinois, opened a new 36,000-square-foot office in Downtown Chicago to attract recently laid-off tech employees. The office has a large open room that is designed for collaboration. It also features standing desks, complimentary snacks and alcohol: things designed for more traditional tech spaces.

Many people might not associate companies like John Deere, a worldwide leader in producing farming equipment, with technology, but the company has been at the forefront of innovative technology. “You need this stuff to stay competitive,” said Steve Pitstick, a generational farmer located near Dekalb, Illinois. “We have machines that share what they’re doing from a work side. So that overlap [in the field] is shared [between machines], so it knows which machine did something so as the next machine comes in, it would shut off based on that work already being done.”

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