3M layoffs will hit Maplewood campus

Why it matters: 3M's 10,000-employee corporate campus is a major economic driver in the east metro. The loss of roughly 6% of the workforce will sting for families and the community.

What's happening: The company is cutting costs amid waning demand for consumer electronics, per Reuters.

• The shedding of 6,000 jobs will follow a cut of 2,500 announced earlier in 2023. All told, it will reduce the company's global workforce by 10%.

What's ahead: 3M remains on schedule to spin off its health care business by the end of the year.

• Health care accounts for about 25% of 3M's sales. Where the new health care company locates long-term will have a major impact on jobs in the Twin Cities, as well.