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Story summary
- Dow Inc. plans to cut about 4,500 jobs as it shifts to artificial intelligence and automation.
- The company expects severance costs between $600 million and $800 million.
- The move supports a broader plan to simplify operations and save $1 billion, and peers such as Amazon and UPS are cutting jobs.
- Dow employs about 34,600 people globally.
- It previously announced 1,500 cuts last year and 800 from three European plant closures.
