Any word if the standard 2% cost of living has been confirmed?
LOUD🤡RETIREMENT
Now is the time!
It's simple
The situation in which the company is right now is 100% self-inflicted. This is not the fault of the economy, pandemic, or whatever other convenient reason is available at the moment. What happened are indiscriminate layoffs. Many layoffs and the... — read more
Voluntary Retirement Incentive Question
As plant layoffs start to pick up more speed, and St. Paul based groups are next on the list, it seems like an inordinate number of >55yr old employees are wishing to be on "the list". Yet inexplicably, 3M does not seem to be pursuing this route at... — read more
Cordova layoff
Cordova layoff 40 hourly. With more salary next week
The layoffs are never-ending
The layoffs are never-ending. There really is no beginning and end. It’s part of the M&M playbook in good times and bad. Probably 8 -10K in announced cuts since 2019. Can’t figure out a structure or how to grow, so cut the way to prosperity. This... — read more
Cottage Grove Salaried Layoff
20-30 Salaried folks at CG are being laid off today
This is what the board should be most concerned about:
The culture at 3M has evolved to the point where employees can no longer tell the truth or confront reality without fear of retribution. Any point of view that does not conform with high level messaging is discounted and ignored and the messenger is... — read more
There are no true leaders at 3M
Hah, the day the Executives take any responsibility or pay cuts at 3M is the day that hades freezes over. WE are all just surfs and peons, we always take the cuts, never any cuts in upper management or COC. They will waste more money on consultants... — read more
The industrial giant's disappointing performance continues into 2023
Not a good sign. All the reconstructions don't help at all
3M Capital Allocation/Investment, and a Recommendation
I recommend that everyone read the linked article at the bottom of my rant. In the last several years, I have seen many good projects be turned down because the CapEx budget wouldn't allow it, yet we as a company have continued to spend billions... — read more
For Everyone Wanting to Give Roman a Pass
Take a quick listen to a former investor on why he exited his 3M investment in 2019. Commentary starts at 10:43 & lasts about 2 minutes (link should go to 10:43 mark). https://youtu.be/PZy9-4Z_4i8?t=643 Systemic problems with 3M are absolutely... — read more
3M stock posts lowest close in nearly 10 years, down nearly 5% this week
Another article questioning the so-called leadership
Are you working for the right organization?
From the Harvard Business Review: Are you working for the right organization? Make sure you don’t passively ride downhill with an organization in trouble. Here are seven signs that should concern you: A merger, acquisition, or change of control... — read more
https://www.hrotoday.com/2022-hro-todays-hr100-the-complete-list/
I mean really https://www.hrotoday.com/2022-hro-todays-hr100-the-complete-list/
Layoffs are no longer a bad thing
I don't know many people who would be too disappointed if they were to be laid off with severance. Most of us are done with 3M and want to leave. Most of us wouldn't mind being paid for it. I can't see the downside to it. They have abused us long... — read more
It’s all about quarter to quarter, stock price, and self preservation for the CEO
Yes, they do it on their own timing with every layoff. In 2019, they announced 2,000 in April and notified employee at the center in July, a full three months after the announcement and just days before the next earnings call so MR could say we have... — read more
Difference between 3M CEO and a weatherman?
We joked that weatherman was the only job that you could be wrong so often and cost people time and money and still keep your job. We now get to add CEO of a Dow 30 company to that list.
More layoffs to come!
Get ready for more layoffs and reductions throughout the year as they try to achieve the 3 to 1 ratio business model. I don’t know how 3M will survive.
Failure to grow - A Varys indictment
3M's Corporate Operating Committee (COC) cannot grow the company and it is entirely their own fault. I charge them collectively and individually with incompetence and malfeasance. The executive excuses are not valid and should be ignored wholesale... — read more
Is that just my impression
or does the leadership here not know how to grow this company?
Manager Blackout
still waiting for details on how 3M Decatur will be affected by lay off. Stay classy 3M, why make a big announcement then have your employees guess as to what might be their fate for 2 months?
How long does MR have left?
Clearly the board is asleep at the wheel, but surely they must realize this isn't working out 5 years in?
Healthcare leadership announcements timing
Interesting how slow they’re moving
Washington post article
Make sure to check out the new article on our flailing company!! So much winning
Share price
In market downdraft could crack 100
Continuation of layoffs
When will it happen?
Flossbach letter, bloomberg
Interesting news on the organisation and management this month
SpinCo Location Rumor
A little birdy told me it might be a good time to start looking at schools near… Oklahoma City. Great work tire man!!
Tireman for RemainCo CEO?
My source tells me Tireman was promised a CEO position in a 3M spin when hired. He's getting his ducks in a row to set up his company after M & M split to healthcare.
its ok
if you can realize that quiet quitting is the way forward and you can ignore to a point your narcisstic line manager, then hang in there, I actually enjoy listening and reading about the pompous execs and EO managers, i must say this site has cheered... — read more
Monish the carrier of death
It boggles my mind that this clown is in charge. Just look at his public resume. He was in charge of both of two devisions at GE, transportation and lighting. GE lighting has been around since Edison, Monish saw to that being sold to savant systems... — read more
Bad period
I made a big mistake when I applied here but I hoped that this year would be better than the previous one. For those who have been here longer than me - is this one of the worst years in this company?
3M HC is Way Different and Much Worse than GE HC
I think the delay in any substantive announcements on the HC spin, is they are re-evaluating it in light of the business fundamentals and market conditions. I think they will have to disclose that this is not really a HC business but a slow growth... — read more
Easy Fix…
Fire all these clowns at the top that have almost ruined a once great company. Get back to your roots… Innovation and manufacturing excellence.
'Quiet quitting' ratio
Given that morale is on the floor, it is not surprising that there are more and more people who decide to do only the bare minimum. I think the ratio is maybe 2 hard workers versus 8 of those who no longer care whether they will keep or lose their... — read more
🤡Quiet Quitting Regrets?
It’s performance review time! Thank you 💯% for making me look good! I go to the office everyday, so engagement was off the charts. Got a 2% raise with a blue collar “3” rating, which my supervisor said would have been a 3.8 if fractions were... — read more
Quitting will solve most of your issues
You're welcome.
Here were the big changes that failed:
Individual plants used to be owned by one division. While that plant might make products for many divisions, only one owned it and was in charge. This gave the plant a clear chain of command for decision making. In A3M plants were now owned by LVS... — read more