Dow to Cut 4,500 Jobs, Book Up to $1.5 Billion in Charges
Core Viewpoint - Dow is implementing a cost-saving program that includes cutting 4,500 employees, aiming to enhance productivity through artificial intelligence and improve shareholder returns, which will incur one-time charges between $1.1 billion and $1.5 billion [1] Group 1 - The company is reducing its workforce by 4,500 employees as part of its cost-saving measures [1] - The initiative will leverage artificial intelligence to boost productivity [1] - The expected one-time charges associated with this program will range from $1.1 billion to $1.5 billion [1]