Archive · 29 Jan 2026
Dow to cut 4,500 jobs amid weak demand
Dow is a big company that makes chemicals.
They recently said they will cut about 4,500 jobs, which is about 13% of their workers.
This is because people aren't buying as many of their products as before, and it's costing them more to make things.
They also said they won't make as much money in the next few months as people thought they would.
To save money, they are also selling some of their buildings and other things they own.
This will cost them a lot of money now, but they think it will help them make more money in the future.
They make things like plastic, and they sell these things all over the world.
Dow will cut 4,500 jobs, or 13% of its workforce, to boost profitability by at least $2 billion.
The company forecasted its first-quarter revenue to be below market expectations due to weak demand.
Dow is reviewing its ownership of non-core assets globally, including power and steam production and pipelines.
The company expects to incur $1.1 billion to $1.5 billion in one-time costs for the restructuring plan in 2026 and 2027.
Net sales in the packaging and speciality plastics segment fell 10.7% to $4.74 billion in the fourth quarter.
- Who
- Dow, a chemicals maker
- What
- Announced layoffs of 4,500 jobs and a restructuring plan to boost profitability
- When
- The layoffs and restructuring plan were announced recently, with expected costs in 2026 and 2027
- Where
- Dow operates in 29 countries
- Why
- Due to persistently weak demand conditions, rising production costs, and changing regulatory requirements
- Number of jobs cut
- 4,500
- Percentage of workforce
- 13%
- Expected cost savings
- $2 billion
- First-quarter revenue forecast
- $9.4 billion
- Analysts' average estimate
- $10.33 billion
- Restructuring costs (2026-2027)
- $1.1 billion to $1.5 billion
- Net sales (Q4 packaging and speciality plastics)
- $4.74 billion
- Decrease in net sales (Q4 packaging and speciality plastics)
- 10.7%