Report: 3M planning layoffs to adjust to slowing economy
Report: 3M planning layoffs to adjust to slowing economy
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MAPLEWOOD, Minn. – One of Minnesota’s largest employers announced that they intend to cut about 2,500 jobs in the near future.
The news comes following the announcement of fourth-quarter and full-year results, and with a look ahead to the 2023 financial outlook. Shares fell 4.7% before the market open.
“We posted organic growth of 0.4 percent — versus our expectation of 1 to 3 percent — adjusted margins of…
