Chemicals maker Dow plans to cut about 4,500 jobs in a cost-reduction overhaul that leans on automation and AI, with severance expected to cost $600 million to $800 million.
AI
Company cited AI: A Dow spokesperson said the restructuring relies on automation and AI to simplify how Dow operates.
Dow said it would eliminate about 1,500 roles across its global operations as part of targeted actions to deliver $1 billion in cost savings amid ongoing macroeconomic uncertainty.
Each layoff is an announcement a company made or confirmed, with at least one source. Employee totals add the numbers as stated: “about”, “at least” and “up to” figures count as given, and layoffs without a number count toward companies and layoffs only. Headquarters filters use where a company is based, not where the cuts happen.
See something missing or wrong? Email [email protected] with a source.