Dow Chemicals - Layoff rumors vs. reality check

Okay, seriously, what's the deal with all the layoff talk around Dow? I saw a headline claiming massive cuts, but then nothing official. Is this just industry-wide jitters, or is there something specific happening at Dow that people are privy to? My manager has been pretty cagey when asked about future headcount, just saying 'focus on current priorities.' Not exactly reassuring. Been with the company for a few years and never seen this level of anxiety. If there are actual cuts coming, it would be good to know so we can prepare, rather than just worrying. Has anyone been put on a Performance Improvement Plan recently, or noticed significant project cancellations that might signal deeper issues? Trying to get a handle on the situation before it impacts morale even further.