Dow Inc. has started notifying approximately 4,500 employees globally about impending layoffs. The job cuts are a central component of the company's "Transform to Outperform" initiative, a wide-ranging restructuring plan that was initially announced in January 2026.
The program is designed to streamline operations, reset the company's cost structure, and improve productivity amid a challenging market landscape defined by oversupply and weaker demand. Dow aims to achieve at least $2 billion in near-term earnings improvements through these measures, which also include leveraging automation and AI. The company has not provided details on which specific locations will be impacted.