Farm equipment manufacturers aren’t the only ones scaling back as a result of the slowing ag market.

The Milwaukee Journal Sentinel reports that agrochemicals company Syngenta says it is eliminating or reshuffling 1,800 jobs globally as part of a $1 billion cost-cutting program to boost earnings.

The Basel, Switzerland-based manufacturer, which is one of the world’s largest suppliers of seeds and crop chemicals and has more than 28,000 employees in 90 countries, says most of the company-wide job reductions and relocations will occur in 2015.

In a statement, the company said the reductions are part of $1 billion in targeted savings by 2018, including $265 million next year.