Thursday, January 29, 2026 at 3:54 PM
Dow Inc.
announced it will cut 4,500 jobs as part of its 'Transform to Outperform' initiative, aiming to enhance productivity through AI, despite incurring significant one-time costs.
Many corporations binged on labor during the pandemic. Now, facing economic uncertainty and AI threats, they are slimming down.
AI is supercharging Google’s advertising and cloud-computing businesses, and the company is ramping up spending to unheard-of levels.
Wall Street has been rotating out of AI leaders into real-economy stocks.
Stock market losses highlighted the expanding threat of AI-driven disruption for financial services and the sector’s white-collar professionals.
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