CNH Industrial said Tuesday it has reduced the size of its senior leadership team, part of a broader restructuring as the agriculture equipment giant grapples with weaker tractor demand.

Under the new structure, positions such as chief supply chain officer and chief technology officer will work closely with CNH's agriculture and construction units. The 11-person C-suite team no longer includes region heads, which were previously considered senior management. The Senior Leadership Team will also be called the Global Leadership Team moving forward, the company said.

The New Holland tractor maker recently announced job cuts and is "redoubling our efforts on cost savings" following a disappointing third quarter. CNH trimmed its salaried workforce by 5% at the end of 2023 as it braces for slower demand.

Moving forward, CNH plans to focus on its tech offerings and is growing its in-house solutions to optimize products and add more precision capabilities. The manufacturer said the recent appointment of Fritz Eichler to chief technology officer, for example, is meant to provide "singular focus and leadership on the development, execution, and integration of our iron and technology platforms."

Regional and support function leaders will report directly to the smaller, more focused management team. CNH did not immediately respond to a request for comment on whether layoffs were included in the restructuring move.

“We are confident this enhanced leadership structure will better support our customers while augmenting operational efficiency and execution,” Scott Wine, CEO of CNH, said in a statement. “This transition and all our strategic activities have the common goal of ensuring a bright future for CNH.”