4 days ago · Dow said on Thursday it will lay off 1,500 employees as part of its $1 billion cost savings plan due to lackluster demand and margin pressures, causing its shares to drop 6.3% in morning trade.

4 days ago · The layoffs amount to about 4% of Dow’s workforce, according to data firm FactSet. Dow said the staff reductions are part of a broader plan to cut $1 billion in costs, citing “persistently weak macroeconomic conditions.” Shares of Midland, Michigan-based Dow tumbled nearly 8% in morning trading.

4 days ago · The layoffs amount to about 4% of Dow's workforce, according to data firm FactSet. Dow said the staff reductions are part of a broader plan to cut $1 billion in costs, citing “persistently weak ...

4 days ago · Dow’s last underwent major layoffs in January 2023, when the company cut approximately 2,000 jobs as part of a $1 billion savings plan. Story Continues

Dow operates manufacturing sites in 30 countries, employing about 36,000 people. Its headquarters are in Midland, Michigan. Dow announces 1,500 layoffs as part of cost-cutting plan

5 days ago · Proactive, additional actions will further reduce costs in response to ongoing macroeconomic weakness and support Dow's long-term growth objectives; Reinforces Dow's financial foundation and supplements near-term cash flow; MIDLAND, Mich., Jan. 30, 2025-- Dow Inc. (NYSE: DOW) today announced targeted actions to deliver $1 billion in cost ...

4 days ago · Dow Inc.’s stock shed early gains to trade down 6% Thursday, after the material-sciences company latest earnings miss and news it’s cutting 1,500 jobs as part of a cost-reduction program ...

4 days ago · The company is planning to cut about $500 million to $700 million mostly from purchased services and contracted employees. Another 1,500 job cuts are planned from Dow's global workforce.

4 days ago · Dow Faces Weak Demand, Plans Layoffs and Cuts to Save $1 Billion After Q4 Loss. ... Dow said break-even earnings per share on an adjusted basis, missing analysts' forecasts of 24 cents.

4 days ago · Dow expects to record a charge of $250 million to $325 million in the first quarter of 2025 to cover severance and implementation costs, with an additional $20 million to $30 million expensed as ...