3M's shares soared to a near two-year high on Friday following the industrial conglomerate's quarterly results that underscored its focus on investing in high-growth businesses and reigniting the company's storied history of product... — read more
3M smashes Q2 24 estimates
Off to a great start by new CEO
Osha
Busy in the plants. Equated them to sweat shops. Big yikes.
Fall
Appears all signs hint selling. Any info?
What’s the point of consultancies?
Even more of a tragedy many of those engagement managers: Haven't even been alive much more than 25 years, let alone have 25 years of experience Have never built anything more complex than cheap Ikea furniture Have never physically worked... — read more
What is McKinsey doing at 3M these days
Quite a few Engagement managers working directly with CEO. What are they up to ? They are listed as contract workers with direct report to the CEO . Check it out.
money is slowing syphoning out to pay claimants,
the real reason Monish has left is there will no money in the pot in 12/18 months, here is an update on why departments are being told to run down stock and stop new orders, 3M Earplug Lawsuit News July 16, 2024: 3M paid out $500 million yesterday... — read more
Treat you’re employees well and…
You’ll gain most their children as lifelong customers, treat them bad, you’ll likely gain resentment, 3M employees have some very successful influential employees, Decatur alone has 3or4 NFL starters… that’s one Monday night football interview away... — read more
Can't find a new job
I'm done with 3M. I've been looking for something else since the start of the year. I don't even know how many applications I've submitted and how many interviews I did in the past six months. I even made it to the final round a few times but I ended... — read more
Another SVP leaving
Global Logistics chief leaving for better opportunity
CIO/CIDO Needs to go
Mark isn’t the guy for the job. We need someone innovative that actually cares about the company. Mark only cares about himself. Imagine what could be done if we had a competent leader.
I need to get out right now before it's too late
Attrition has intensified recently because people are realizing there's no future at 3M. Everybody is seeing the writing on the wall and taking action. I'll be damned if I'm one of the last ones to stay on this sinking ship. The first proper job... — read more
Change in leadership, layoffs next?
Every time I see somebody from C-suite/upper mgmt gone, regardless of how bad they were and all of us having all kinds of reasons to be happy for seeing them out, I’m also anxious because new mgmt comes in with a pomp and announces overhauls, reorgs... — read more
CFO
3M, Inc. (MMM) announced Wednesday the resignation of Monish Patolawala, President and Chief Financial Officer, effective July 31, 2024, to pursue another opportunity. Patolawala will stay on through July 31, 2024, to ensure an orderly transition.
One Down, Tireman to Go
Mr. Brown doing some housecleaning or Money-Money got a better offer?
CBG
Rumors about CBG? No growth, no NPIs…
How 3M Executives Convinced a Scientist the Forever Chemicals She Found in Human Blood Were Safe
If you are a current or former 3Mer, I encourage you to read this informative article from the Tribune about PFAS and 3M. It's disheartening to see an article highlighting 3M's ethics, especially as I, along with many others, was once a proud... — read more
CEO Travel
It is curious to me how much it is costing the company for the CEO to travel. He has flown into several cities, visited a plant for a few hours to give some sort of feedback, then he is on his way. Who knows what this brief assessment will bring to... — read more
Divestitures
What goes and what will be the “core” ?
We haven't invented anything worth mentioning in decades
3M stopped being an innovative company a long time ago. Now, we just buy other companies for their IP portfolio, and then try to part it out and sell off collections of complimentary tech. Anyone still expecting our R&D to make a comeback... — read more
CIO needs to go
Incompetent leader who cripples innovation because he learned the %'s quoted in every pocket MBA book. CTO unable to move any R&D initiative forward unless it has an ROI that is approved by the CIO. 4% R&D expense to revenue corrupted by M&A... — read more
Pension
Good move
June ETF
With the last month of Q2 to go, it's seems the factory (large plant) is having significant demand being pushed out. Wonder if the rest of you are also seeing the same trend? Any potential layoffs in 2024?
Restructuring
It’s about time
Facts those over 40 actually need to know
I know it hurts to hear, but your technical skills have probably long since expired. I'd you haven't been keeping up with trainings, current ways of doing things, and modern technology, you're probably behind the curve and less desirable as an... — read more
Facts Those Over 40 Need to Know: Layoff Targets
The Age Discrimination in Employment Act of 1967 (ADEA) protects applicants and employees who are 40 years of age or older from employment discrimination based on age. Actions Prohibited By the ADEA Under the ADEA, it is unlawful to discriminate... — read more
Another SVP out
Told on our team call that SVPof GOv Affairs is leaving. Can’t run out the door fast enough to a health insurance comp. Total blow hard and terrible leader. People fleeing government affairs team and this joke of a company. Two of their best people... — read more
Severance packages for JG14-17
I'm curious for those who have been laid off from 3M at JG 14 - 17 levels what your severance package was like. Did you get a fractional vesting of unvested LTI? A prorated fraction of your lost bonus? How many weeks of severance pay did you get? I'm... — read more
3M Knew Its Fluorochemicals Were Toxic Decades Ago & Likely To Cause Cancer
In 1997, Jim Johnson gave a 3M Corporation chemist, Kris Hansen, an unusual assignment: Hansen was to test human blood for chemical contamination. With a doctoral dissertation on tiny particles in the atmosphere, she was the right choice. What was... — read more
New TEBG group pres
Welcome to 3M
3M SCIENTIST SPILLS THE BEANS ON NPR !!!
3M scientist, who was job eliminated, tells 3M secrets on the PFAS cover-up. Hear the 3M scientist describe how 3M tried to cover up what she discovered - 7 minute audio file! After her lab evidence withstood scrutiny, then the company maintained... — read more