3M’s announcement of its first-quarter financial results included the company’s strategy to address the decline in sales from first-quarter 2022. This includes restructuring the corporate center of the company, the reduction of approximately 6,000 manufacturing jobs, and continued investment in markets where 3M’s size and advanced scientific technologies give them a competitive advantage.   

"In the first-quarter we continued our relentless focus on serving customers and aggressively managed costs," said 3M Chairman and CEO Mike Roman. "Market trends were as we expected, and we made changes to improve our operations and position us for success as supply chains improve."