FEBRUARY 17, 2025 —1,500 POSITIONS
Dow Chemical recently announced plans to lay off approximately 1,500 jobs globally as a component of a significant $1 billion cost-cutting plan. This strategic move represents about 4% of Dow's overall workforce and is aimed at improving operational efficiency amid shifting market conditions.
FEBRUARY 9, 2023 — Original post…
Midland, Michigan-based Dow Chemical Company, the multinational manufacturer of plastics, chemicals, and agricultural products, is implementing a cost-cutting initiative that will reduce its global workforce by five percent.
Approximately 2,000 employees face layoffs.
Chairman and CEO Jim Fitterling noted, "In the fourth quarter, Team Dow continued to proactively navigate slowing global growth, challenging energy markets, and destocking. In response, we shifted our focus to cash generation in the quarter as we lowered operating rates, implemented cost-savings measures, and prioritized higher-value products where demand remained resilient."
Dow is shutting down certain facilities and is reducing purchases of raw materials, seeking to cut logistics and utility costs.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?