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3M to Cut 2,500 Manufacturing Jobs Following Weak Earnings Report

3M, the maker of Post-it Notes and Scotch tape, says it expects macroeconomic challenges to persist in 2023. Photo: David Becker/Getty Images

3M Co. is cutting about 2,500 global manufacturing jobs as demand for its products rapidly softened toward the end of the year.

The maker of Scotch tape, Post-it Notes and more said Tuesday that sales for the fourth quarter had fallen 6%, weighed down by currency fluctuations. The company said it expects sales to continue to slide this year.

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