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Archer-Daniels-Midland Co., one of the world’s largest crop traders, is shrinking its operations in China as part of a company-wide restructuring effort following a downturn in profits and a bruising accounting scandal, as reported by Bloomberg.

The company is phasing out domestic trading at its Topefer Shanghai unit, citing a “challenging environment,” ADM said in a statement Monday.

Thin margins in China, the world’s top commodities consumer, pushed the company to make the reductions, according to people familiar with the matter. Dozens of employees, many of whom worked in Toepfer Shanghai, were informed on Monday that their jobs had been cut, the people added, asking not to be identified because they aren’t authorized to speak to the media.

ADM said in February it would cut 600 to 700 jobs globally this year as part of a cost-saving push as it grapples with shrinking profits. The world’s top agricultural traders have suffered from rising uncertainties around geopolitical risks and climate change.