News for hackers. Stuff that matters.

A comment on 3M to cut 2K jobs globally, lowers 2019 profit outlook. Parent comment

Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by m0zg on Thursday April 25, 2019 @02:56PM (#19751382)
This is a layoff affecting approximately 2% of their workforce. I don't see why it's even in the news.
[ Parent | on HN ]
Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by dragontamer on Thursday April 25, 2019 @03:58PM (#19751926)
The drop in profitability is a big deal, which likely caused the 11% instantaneous drop in their stock price.

Big reliable companies like MMM don't usually move 10%+ in a single day. Anything that makes them move this much is definitely a newsworthy event.

[ Parent | on HN ]