Dow Chemical joins the layoffs bandwagon, cutting 4,500 jobs

Key Highlights

• Dow Chemical will cut 4,500 jobs, about 13% of its workforce.
• The layoffs aim to save the company at least $2 billion.
• The company forecasts first-quarter revenue below market expectations due to weak demand.
• This move is part of a broader industry trend of restructuring among chemical producers.
• Dow's shares fell approximately 3% in premarket trading following the announcement.