Dow Chemical says AI is the element behind 4,500 job cuts

ai-pocalypse The jury is still out when it comes to determining how much job loss AI is causing. However, we now have another case study. Dow Chemical blames AI automation for its plans to cut 4,500 jobs, about 12.5 percent of its work force.

The thousands of employees losing their jobs are being cut as part of a rhyming companywide initiative called “Transform to Outperform” that aims to radically simplify operations, and modernize its go-to-market playbook in the hopes of achieving $2 billion in EBITDA improvement by 2028.

"The goal of Transform to Outperform is to achieve significant growth and productivity gains that elevate Dow's competitive position," said Karen S. Carter , Dow's chief operating officer, in the press release announcing the initiative. "We are building on the momentum of our current self-help measures – transforming Dow into a company that is more resilient, consistently delivers growth, enables ...