Key takeaways
- 3M announced poor Q4 results and a weak outlook for 2023
- As part of the announcement, 3M announced a layoff of 2,500 workers, mostly in manufacturing
- The company plans to continue with its announced healthcare spin off and other efforts to streamline the business
3M is a major American company that operates in the healthcare, industry, consumer goods, and worker safety industries. It offers products like adhesives, personal protective equipment, electrical materials, medical products, and healthcare software.
This week, 3M announced low profit estimates and that it would cut 2,500 jobs due to an uncertain economy.
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