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Dow is planning to reduce costs by $1 billion in 2023. The cost cuts will include layoffs.
Jeff Kowalsky/Bloomberg
Layoffs are spreading beyond tech. That’s a troubling trend investors should be paying attention to.
On Thursday, chemicals giant Dow Inc. (ticker: DOW) reported weaker-than-expected fourth-quarter numbers. It sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment.
