By MICHELLE CHAPMAN AP business writer
Publication Date: 2026-01-29 12:28:00
Dow plans to cut about 4,500 jobs as the chemical maker puts more emphasis on using artificial intelligence and automation in its business.
The company said Thursday that it expects to incur approximately $600 million to $800 million in severance costs related to the cuts. These costs are part of a broader plan aimed at simplifying and streamlining operations.
Shares of Dow Inc., which employs about 34,600 people worldwide, fell 2% before the market opened. Dow is based in Midland, Michigan.
In January 2025, Dow executives said the company was targeting $1 billion in cost savings and expected to cut about 1,500 jobs worldwide. In July, the company announced the closure of three European plants, cutting 800 jobs.
After a frustrating year for job seekers across the U.S., thousands of job cuts were announced this week.
Amazon cut around 16,000 corporate jobs on Wednesday – just three months after laying off another 14,000 employees. And United Parcel Service said Tuesday…