Decision to lay off 2,000 people from the giant company

In the statement made by Dow, it was reported that the company will take some actions to save $1 billion in costs in 2023.

In the statement, it was stated that these actions will further optimize Dow’s cost structure in response to short-term macroeconomic uncertainty while maintaining the company’s long-term competitiveness, and in this context, it was noted that 2,000 employees will be fired. globally.

SAP AND IBM ALSO GO TO THE STRUCTURE

Germany-based software company SAP has announced that it will lay off 3,000 of its employees.

Notably, SAP’s decision to close the deal came after the company reported that its net profit fell 47 percent to 1.2 billion euros in the final quarter of last year.

On the other hand, the American technology company IBM also announced that it will lay off 3,900 people as part of asset liquidations. (AA)