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Dow to Cut About 4,500 Jobs as Emphasis Shifts to AI and Automation
Dow expects $600 million to $800 million in severance costs as it cuts 4,500 jobs to focus on artificial intelligence and automation in a global workforce shift.
- Dow is planning to cut approximately 4,500 jobs as it puts more emphasis on using artificial intelligence and automation.
- The company anticipates about $600 million to $800 million in severance costs related to the job cuts as part of a plan to simplify operations.
- Thousands of job cuts have been announced this week by major companies like Amazon, UPS, and Pinterest, citing increased usage of AI among reasons.
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The world’s largest chemical company said it expects to invest in artificial intelligence and automation
US chemical giant Dow will cut 4,500 jobs to use artificial intelligence and automation to improve productivity and boost profitability by at least $2 billion (€1.7 billion), the company said on Tuesday, after its net sales fell by a tenth in the fourth quarter compared to the same period last year.
Coverage Details
Total News Sources59
Leaning Left9Leaning Right2Center40Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
L 18%
C 78%
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