Overview
- The reduction equals roughly 12% of Dow’s approximately 36,000-person workforce, according to recent figures cited by outlets.
- Branded Transform to Outperform, the restructuring centers on automation and artificial intelligence to simplify operations and lift productivity.
- Severance expenses are estimated at $600 million to $800 million, within total one-time charges of $1.1 billion to $1.5 billion reported by media.
- Company communications point to about $2 billion of expected improvement, with some reports describing an EBITDA target by 2028.
- The announcement lands during a week of sizable cuts at Amazon, UPS, and Pinterest, as companies redirect spending toward AI and efficiency.