Topics regarding layoffs at 3M

Topics regarding layoffs at 3M

Quarterly connection forum

Seems they just started the quarterly connection forum, claiming to bring employees together. Free food as well! Anyone think this will be sustainable to engage the employees, or it will die a natural death?

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| 1910 views | | 5 replies (last November 29, 2023)
Post ID: @OP+1pGfktia

Solventum (SpinCo is finally named)

U.S. industrial conglomerate 3M said on Thursday its independent healthcare business would be called Solventum following its spinoff. 3M disclosed plans to spin off its healthcare business into a listed company last year, in which the U.S. industrial... — read more 

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| 1880 views | | 2 replies (last November 22, 2023)
Post ID: @OP+1pG6eBWW

Momentum does not mean nimble

Something with high momentum is usually the opposite of nimble. It's a total facepalm that they proudly drew that false equivalency (momentum = swift/nimble) in the first couple sentences of the press release. They should consider a PR strategy... — read more 

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| 2570 views | | 8 replies (last November 21, 2023)
Post ID: @OP+1pD10rOe

As the ship starts to take on water

I was offered a job with SpinCo about two months ago. It would have been working for someone that I really detest. Having just emerged from a 2-year abusive boss relationship last May, it really felt far too soon to go into another one of these... — read more 

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| 2680 views | | 2 replies (last November 17, 2023)
Post ID: @OP+1pClTr1M

New Name

How much time did they spend to come up with this ridiculous name, Solventum ? Honestly, if this is the best name they can come up with, I fear for their future. Probably millions of dollars down the drain for a d-mb name.

SpinCo updates?

Any updates on SpinCo timelines and activities? It seems like it should have a name registered by now, but not familiar with when it would be needed. I heard recently that there is something called silent recruitment happening, which I’ve never... — read more 

Hiring freeze

Is there a hiring freeze at 3M? We've been begging for several positions to be filled for nearly a year with no luck. I can't believe it's taking that long to find adequate candidates. Our manager always has one excuse or another for why those... — read more 

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| 2550 views | | 7 replies (last November 17, 2023)
Post ID: @OP+1pBFBFVc

3M isn't the place to build a future

When the big solution to all the problems is just handing out pink slips, you can't help but see how clueless and desperate the leadership is. My tip for everyone is to dust off your resume and start exploring new job options. I've already got the... — read more 

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| 2520 views | | 7 replies (last November 16, 2023)
Post ID: @OP+1pAKjf82

Middle management

Middle management and layers were mentioned heavily leading up to cuts at corporate back around April/May/June. This sounded great, but seems like many cuts were to those on the front lines that knew stuff and did things, and there is still too... — read more 

Consumer Business

Financials look horrid for consumer business. Holiday sell in off. Retail reporting earnings this week and don’t look good.

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| 2400 views | | 4 replies (last November 13, 2023)
Post ID: @OP+1pzGD0KR

3M cuts

More cuts announced in EMEA this week, almost certainly a continuation of previously announced cuts. It is very emotional. Does anyone know when the announced cuts will be completed? Honestly thought we survived them, but maybe more still coming?... — read more 

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| 3330 views | | 8 replies (last November 16, 2023)
Post ID: @OP+1pyU5aJr

Changes under this CEO

How many COC executives have resigned to join other companies (not retired) since CEO took over in 2018? Shows lack of confidence?

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| 2230 views | | 3 replies (last November 11, 2023)
Post ID: @OP+1px16AeV

No More Jet Updates

Just FYI, there will be no more jet updates. The site admins have erased my latest update and it looks like they erased all the others too. For your own tracking purposes. https://globe.adsbexchange.com/ The last three tail numbers are N73M... — read more 

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| 2350 views | | 6 replies (last November 10, 2023)
Post ID: @OP+1pvkewdw

This ship is destined to sink

If 3M keeps going the way it's headed, it's basically going to shrink down to just a skeleton of its former self. We will come to a point where it can't even function properly and then it will collapse and drag down whoever is left along with it. If... — read more 

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| 2530 views | | 6 replies (last November 11, 2023)
Post ID: @OP+1pvLi3DH

How are things going?

How are things going without half of the MTE’s? Seems like laying off so many of them may have been a huge mistake!

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| 2040 views | | 7 replies (last November 10, 2023)
Post ID: @OP+1puDpxQB

Executive Committee (posting without names)

Now that I have lost my net worth - and daughter's tuition - we can all look back at the thousands of lab colleagues, business and supply chain friends who lost their jobs due to team performance - fired in 50s, bullied/pressured out, etc - but there... — read more 

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| 2550 views | | 9 replies (last November 8, 2023)
Post ID: @OP+1pum0gXp

Senior leadership movements

Looking at this month's announcements, looks like there are many executives hired from outside. Also, there seems to be many role expansions of the SVPs and VPs. Cost cutting measures?? Or these people can actually load on more??

EPR is becoming a joke!

I launched a product this year and my score rank seems to be a "Meet". What is MR's EPR score?

SVP Communications leaving

Finally something good. BH wasn’t delivering much, and was at the SVP level. Hopefully the CIDO will be next!

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| 3530 views | | 9 replies (last October 31, 2023)
Post ID: @OP+1piRYchC

Upcoming Investor Conference

So Moni is slated to speak at the next investor conference on Nov 8. Here we go again. Another round of negative warnings followed by massive destruction in shareholder value. NEVER LET THE ACCOUNTANTS SPEAK IN PUBLIC OR REPRESENT YOUR COMPANY! Bean... — read more 

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| 1530 views | | 1 reply (October 30, 2023)
Post ID: @OP+1pifOigt

Why does the CTO still have a job???

We all know that 3M grows primarily with new products, generally products launched in the last 5 years. While MR have been the architect for all the big structural changes (SAP, Advance 3M, Spinco), the HUGE glaring problem is growth. And that falls... — read more 

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| 3230 views | | 23 replies (last October 27, 2023)
Post ID: @OP+1pg9YLo4

Layoffs in GCA happening now

In yesterday’s earnings report, MP mentioned a good part of restructuring expenses being pushed out to Q4 because of country specific laws. Well, I just heard that 3M China layoffs are happening now. A sad day for my former colleagues in China. — read more 

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| 1730 views | | 1 reply (October 25, 2023)
Post ID: @OP+1pgo4g9l

Why Fact is More Interesting than Fiction

When commenting on overall market softness for consumer products, Mike Roman said, "There is a broader story around consumer retail for us, the shift you have spending from discretionary products in areas like food and experience kinds of spending... — read more 

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| 2320 views | | 8 replies (last October 25, 2023)
Post ID: @OP+1pfv3kxG

Great 3Q

Just read the news. A great third quarter should mitigate any layoffs. Congratulations all.

This will be fun...

ST PAUL, Minn. (AP) — ST PAUL, Minn. (AP) — 3M Co. (MMM) on Tuesday reported a loss of $2.08 billion in its third quarter. On a per-share basis, the St Paul, Minnesota-based company said it had a loss of $3.74. Earnings, adjusted for non-recurring... — read more 

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| 1621 views | | 2 replies (last October 24, 2023)
Post ID: @OP+1pfCCShK

Tips for getting an internal lateral move

Honestly wouldn’t mind staying at 3M for the long haul (however long that will be at this rate) , but I’m wanting to branch out from my current position ( would stay in same job grade). Out of every 20 3M applications, I’ll get maybe one real... — read more 

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