Dow to Cut 4,500 Jobs, Leverage AI for $2 Billion Boost in Operations
Business
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Moneycontrol•29-01-2026, 20:57
Dow to Cut 4,500 Jobs, Leverage AI for $2 Billion Boost in Operations
- •Dow Inc. plans to eliminate approximately 4,500 jobs to simplify and streamline its global operations.
- •The job cuts are projected to generate at least a $2 billion boost in near-term operating earnings (EBITDA), with a $500 million target for the current year.
- •The chemical manufacturer intends to integrate AI and automation technologies to enhance operational efficiency.
- •One-time costs associated with these changes are estimated between $1.1 billion and $1.5 billion, including up to $800 million for severance packages.
- •CEO Jim Fitterling stated these measures will accelerate efforts to address prolonged industry challenges; Dow had 36,000 employees as of December 2024.
Why It Matters: Dow is cutting 4,500 jobs and using AI to streamline operations, aiming for a $2 billion earnings boost.
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