Monsanto Co, one of the world's largest seed and agrichemical companies was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. The company expected low prices for agricultural products to squeeze results well into 2016, also a much wider quarterly loss and gave an outlook below many analysts' expectations. The layoffs would affect 11.6 percent of Monsanto's regular workforce. The global restructuring will also include an exit from the sugar cane business and "streamlining and reprioritizing" some commercial and research and development work.
