If Vale is out, why not Monish?

With the recent firing of a senior level...to be honest not the one we were all hoping for MR (not to name any names lol)! The negative way 3M has been in the news over the past recent years...what a disgrace and so sad. Once an admired top... — read more 

It's good to see somebody from the leadership go through what so many ordinary employees had to go through. For once it's not us being unceremoniously dismissed, and I'd lie if I said that didn't make me smile. I could get used to this, even if I... — read more 

If you are planning to retire soon this is not good news.

Which changes would you introduce? What'd would you focus on first? Are there any parts of the business that you'd leave unchanged? Any people change? Oh, that llst of questions is so long ;-)

Paywalled: https://www.wsj.com/amp/articles/3m-fires-longtime-executive-citing-inappropriate-personal-conduct-bc1c58a1 Non-Paywalled Archive: https://archive.is/ZoYGv Text: 3M Fires Longtime Executive, Citing Inappropriate... — read more 

Every week a new episode. In the most recent twist, the king is gone. Let's see how things play out.

I have to assume that the internal and public announcement related to his dismissal was to get out in front of a bad news story. There was a good stretch of time when former VP Robert Cesena’s disgusting and scary, albeit not work related, stalking... — read more 

Besides an email probably regurgitating the public announcement, has any verbal or written communication happened today? What are the bosses saying? Even your local boss? Has Mike R made an appearance? Tireman? Monish? Zoe? Lavers? Can't believe... — read more 

https://fortune.com/2023/05/15/mass-layoffs-terrible-for-shareholders-cost-saving/ Projected and realized cost saving benefits are degraded, and often don't meet plan: Severance costs Contractors hired Retained staff demand... — read more 

So the company is obviously in free fall and the departure of Vale would suggest there is unethical behavior at the highest levels of the company and probably differences of how to fix ( if it can be ) the company. The Board needs to step in and Fire... — read more 

What will be its next stop? With all the bad news about 3M leadership succession

Why not get rid of one of the few guys left in upper management who seemed interested in doing the right thing and who knew what he was doing? That fits perfectly into this "leadership's" incomprehensible agenda (and I use the term leadership very... — read more 

Wow

Vale was named to a role that made him heir apparent CEO just three weeks ago. Not that people loved the guy but he was one of the few "tell it like it is" people around. So, really, Mike and Monish and Board (yes, talking to you too) do you expect... — read more 

Inside trading? or a fight?

Just a thread to discuss this. Heard any rumours?

I wonder where people are going to end up when the trimming/slashing is done (this round at least). Sure, competitors will snap up some of the talent but not all of it. 3Mers could definitely outclass some of the Kearney losers that have swarmed on... — read more 

I've heard that last week GSC GC was hit with layoffs, but I don't have any details - anyone could shade some light?

I see a pattern where younger workers are getting hunted down due to lay offs and older folks are ready to retire 2-5 years from now. Only thing keeping a lot of people from quitting now is bad job market once that is improved, 3M is screwed big... — read more 

Just like Mcd and Walmart, 3m's new push is replacing employees with robotics.

If you are LEADER, stop managing safety in such amateur way. No more slogan contests, safety Bingo over the PA system, or signing "commitment banners" hung on the wall. This starts with eliminating the latest gimmick "Safety Always." If I were a... — read more 

I haven't been here that long, but in the few years that I've been here, I don't remember a worse time than now. You? I'm disappointed because I think it could have been a lot better if the leadership had made the right moves.

Retirement? I don’t know if I should retire from 3M or continue into SpinCo. I have my “tentative” SpinCo email. I love my job but I’m of the age I could retire. Financially is why I continue working. Has anyone have insight for retirement... — read more 

Another long week deserves another Friday night. This evening's Teams call will include such spicy topics as: Best practices for quiet quitting (led by Mike himself! Did you see that earnings call!) The intrinsic value of Kearney (you can... — read more 

This company has messed with everyone's careers, with the environment, and now with the stock market. I care more about losing my investments than losing my job. Stock price below 100??? Now I'm steamed.

Decatur announced 1000.00 every 6 months as a retention bonus thru 2025 for all affected PFAS chemical employees to keep workforce in place to fulfill 3m’s obligations until a determination on end of service date , same laid off employees in January... — read more 

Those who have skills will find a new job incomparably easier. What is problematic for some is that their skills were eroded here over time. What is your experience like? It would be great to hear that there are more of you who are satisfied... — read more 

Seems like next to nothing in the way of cars. You can have your choice of parking spots. Are that many people WFH still? Back in the 80s, there were more people in the lots on a Saturday morning than what you see today. Then again, people would put... — read more 

Aip to be effectively adjusted, plus 10 percent paycuts. Welcome to what's left.

I got a list of people based on age and pay rank of who was eliminated. If there were multiple people on a team let go, but not everyone, does that mean they actually assessed our skills and let us go based on that factor?

Amazing to see how Roman has conducted his layoffs and keeping his good ol buddy network alive by implementing the twin city two step. For those that arent aware, this is where you sh!tcan an entire organization but then keep the failed leader if the... — read more 

I support giving production employees the same "bonus" program (AIP / Annual Incentive Plan) that 3M implemented for salaried people many years ago. We aspire to be an inclusive company, so maybe we should apply the same compensation principles to... — read more 

I hated my old company because it didn't give a damn about employees. Managers would rank employees each year, and the lowest-ranked employee from each team was terminated, regardless of their performance and the team's overall success. This created... — read more 

Thanks to WFH and 3M not caring about anyone's performance but only how to cut more costs (ad nauseum), I've had some time to research into the comparison between today's corporate world and the 1990s, when "rightsizing" became the craze in corporate... — read more