Chemical maker Dow Inc. is the latest company to announce substantial layoffs as it pivots to a stronger reliance on artificial intelligence and automation. The company, on Thursday, announced it would cut 4,500 jobs as part of a streamlining operation it calls "Transform to Outperform." Dow, like other chemical companies, has seen demand flatten in recent years, along with stricter regulations and higher production costs. Dow joins a growing number of companies that are shrinking their workforce. Pinterest, earlier this week, announced plans to reduce its workforce by 15% and Amazon, on Wednesday, said it would cut 16,000 jobs, as it pushed AI and efficiency.