Todays video is on McKinsey. https://www.youtube.com/watch?v=AiOUojVd6xQ
Mike Roman Retirement
Time to start sending Mike some congratulations on your retirement everyday wins!
The Varys Q&A Thread
I posted a while back and said I escaped and would do a Q&A thread for those interested. Well, here is that thread. The rules: I'm still going to keep my identity vague. I will say I was at least director rank when I left 3M and had worked at... — read more
Scammers Attempt to Defraud Claimants
October 17, 2023 Scammers are attempting to defraud claimants involved in the $6 billion settlement related to 3M combat earplugs, which are alleged to have caused hearing damage. Judge Rodgers issued a warning about fraudulent actors posing as... — read more
Next week is the results call. What's going to be said?
I am sure enough of us already dread the outcome from this call. What is going to be announced?
I can't get myself to quit
I'm too scared and I'm a big enough man to admit it. But if I get laid off, it will be like getting my prison sentence commuted. So now, instead of dreading layoffs, I'm low-key hoping we have another round as soon as possible.
Reposting jobs
Had anyone else noticed that while the number of jobs posted for RemainCo is already slim, it seems like a good number of them are being reposted? Are people so afraid of taking a new job right now that we can't even fill open reqs?
Where does the decline stop?
Stock price is low, staff motivation is low, sales are low, and rumours abound.... where does the decline stop?
CEO Huddle
Extended CEO huddle coming to discuss strategy, performance and path ahead. Two hours is a long huddle - what’s coming next?
EHS reporting changes again
Any thoughts of the synergy - how will EHS improve under ESC CBG leadership?
Layoffs?
So, I've noticed some strange positioning going on that seems to have started suddenly. Any actual layoff news happening?
Entering rougher business environment
Don’t expect positive surprises
New to 3M
I admit that I am young and inexperienced, and I am pretty new to the company (less than a year). I have found many experienced employees were let go and I struggle regularly with finding information, documentation or even who to contact. I wanted... — read more
$86
Every day it drops… just my colon.
Insulet CFO to step down to join 3M's healthcare business
Insulet Corp (PODD.O) said on Tuesday Wayde McMillan would step down as the medical device maker's chief financial officer, effective Oct. 20, to join 3M's (MMM.N) healthcare business. McMillan would join 3M as the financial chief of its healthcare... — read more
Benzene in Ultrathon
3M's Ultrathon Aerosol is Adulterated with Cancer-Causing Benzene..... Class action alleges. Bloomfield et al v. 3M Company. If you bought that in the company store, you might want to throw it away.
$75 by 10/24/2023
Get ready for it. M&M going to open their mouths to investors again.
WSJ Article
Front and center on the WSJ home page, for all the world to see how the mighty have fallen. https://www.wsj.com/business/3m-innovation-scientists-lawsuits-contamination-5a48d46f?mod=hp_lead_pos7 Without paywall: https://archive.ph/qorxS — read more
EMEA Redundancies
Does anyone have any knowledge of further redundancies in EMEA for Q4, zero communication coming through but I anticipate the usual December year end employee notification in time for Christmas
Jet Update - October 4th
It's been a a month or so since last update. I would say not heavy travel, but all on just one jet. The prior weekly DC trips seem to have stopped. N73M: A short loop flight (test?) in New England based out of Springfield, MA Hasn't flown since... — read more
87 Bucks
This is undeniably ridiculous. The executives of this organization should be ashamed. This once great company is about to be brought to its knees and we will be the ones picking up the pieces
Is Executive Management and the BOD Shorting 3M Stock?
Reading other posts asking this question, I thought I’d ask it again in a new, separate post. Lacking any other defenses or strategies stated by the company,, is 3M Executive Management and the BOD shorting the stock? We need full disclosure of... — read more
89 Bucks
We just touched 89 bucks. What's next? The annual cuts? Locking the pension? Have you noticed any "Presidents" fired for this insane mismanagement? Any former VP now Prez who had anything to do with A3M should be fired. You and they know who they... — read more
Most trusted co go MMM
It’s fantastic to see 3M recognized as one of the World’s Most Trustworthy Companies by Time! Thank you to our employees around the world for their work to improve the employee experience, drive revenue and lead in sustainability. Lol — read more
Q3 Earnings
Well, Q3 has just ended. Any predictions and effect on stock price when announced in late October?
EMEA Neuss rooftop reduction
3M wants to give up 1 out of 2 buildings in Neuss, Germany. Next to offices, the building contains the canteen, child care and gym. After they refurnished the offices in the pandemic - making a cube farm out of the whole building - not many people... — read more
Why stock dropped? Again
M&M said anything?
3M Belgium
https://www.brusselstimes.com/705926/illegal-pfas-emissions-detected-at-3m-production-halted https://investors.3m.com/financials/sec-filings/content/0000066740-23-000080/0000066740-23-000080.pdf Company STILL can’t figure out how to make this stuff... — read more
3M weighs whether to restart PFAS manufacturing at factory in belgium
Anyone has the latest news on above PFAS?
A guide for managing innovation: 4 big mistakes technologists wish their business leaders would stop making
https://www.fastcompany.com/90954158/a-guide-for-managing-innovation-4-big-mistakes-technologists-wish-their-business-leaders-would-quit-making
Iran
More bad press
Job Loss ($97.49)
When your company stock price continues to fall, lawsuits continue to mount, and sales are slipping as stated by senior leaders, just how much time do we have left?
3M Blocking TheLayoff
Looks like 3M IT Police blocked access to the site on company electronics. I guess they don’t like us being honest and sharing the reality of what goes on here.
Incompetent Management MSD
Why do we have so many incompetent “leaders” within MSD. I have never worked in an organization filled with so much rotting garbage. It’s interesting how most of the layoffs impacted the sales reps but hardly any middle managers and no RSLs were let... — read more