Dow said it announced Transform to Outperform on January 29, 2026, and that on January 26, 2026 its Board of Directors approved severance and related benefit costs for a workforce reduction of approximately 4,500 roles globally.

1. 01

   Dow said it announced Transform to Outperform on January 29, 2026, and that on January 26, 2026 its Board of Directors approved severance and related benefit costs for a workforce reduction of approximately 4,500 roles globally.

2. 02

   The company said Transform to Outperform targets at least $2 billion in near-term Op. EBITDA improvement, and that about 3 of the benefits, or 2 of 3, will come from productivity improvements and 1 from growth.

3. 03

   The company set target Op. EBITDA of $500 in-year in 2026, $1,200 incremental in 2027, and $300 incremental in 2028. Estimated cash cost to achieve is $800 to 1,000 in year 2026, $300 to 500 in-year in 2027, and $0 in 2028, in $MM.

4. 04

   The company said it expects to record charges in 2026 and 2027, and that total severance and related benefit costs and future cash outlays are expected to be in the range of $600 million to $800 million. Costs and future cash outlays to implement the workforce reduction are expected to be $70 million to $90 million. It explained that cash outlays will occur primarily over the next 2 years.

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Original filing

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