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.

Organic sales, a metric that strips out currency effects, acquisitions and divestitures, grew slower than the company had anticipated, Chief Executive Mike Roman said. He cited “rapid declines in consumer-facing markets—a dynamic that accelerated in December—along with significant slowing in China due to Covid-related disruptions.” As demand softened, he said, the company adjusted manufacturing levels.

“We expect macroeconomic challenges to persist in 2023,” he said. 3M said it is likely to book a pretax restructuring charge of $75 million to $100 million in the current quarter.

Shares slipped 3.5% to $118.28 in the premarket session. 

For the full year, the company projects adjusted sales to fall between 6% and 2%, and sees adjusted earnings falling to between $8.50 a share and $9.00 a share. 

For the fourth quarter, the company posted a profit of $541 million, or 98 cents a share, compared with $1.34 billion, or $2.31 a share, a year earlier.

Stripping out one-time items, including costs tied to exiting the company’s operations making so-called forever chemicals, adjusted earnings came to $2.28 a share. Analysts surveyed by FactSet were looking for adjusted earnings of $2.36 a share.

Sales fell 6% to $8.08 billion for the quarter, topping Wall Street expectations for revenue of $8.05 billion, according to FactSet. The company said foreign-currency translations due to the run-up in the U.S. dollar reduced revenue growth by 5%.

Write to Will Feuer at Will.Feuer@wsj.com