With the following financial results as a backdrop, more layoffs are inevitable.
3M stock, which hit a new 52-week low Wednesday (March 15, 2023), is one of the worst-performing industrial stocks this year, down more than 16% in 2023, versus the XLI Industrials ETF, which is down 1.5% year to date.
Lack of leadership and competence at the COC and Board level is whats putting us at jeopardy The financials are purely a reflection of that. The pricing strategy has failed (yet again). But let’s continue to blame the outside world.
Agree. Lack of strong financial performance puts virtually all jobs in jeopardy.