Leadership claimed layoffs would be specific in manufacturing, but corporate jobs continue to be eliminated with rumors of even more coming mid February. Tireman and Roman continue the only thing they know, eliminate people to save their bottom line... — read more
It used to be nice here
Everyone here has been working under enormous pressure for a very long time. Constant layoffs have made this a very toxic workplace. When was the last time you felt like you actually enjoyed working here?
This study may ruin the safety business
https://www.dailymail.co.uk/health/article-11702641/Unattractive-people-likely-continue-wearing-Covid-face-masks-study-suggests.html Cheer up people and be in charge of your lives! Do not be a corporate sheeple.
A nightmare at 3M Center
I spent 22 years at 3M before being laid off a few months ago. The company is a mess and morale is in the gutter. 3M was a great place to work with innovative products, experienced workforce and opportunity to grow. There’s nothing new and exciting... — read more
3M investor raises concerns about company leadership
And so it begins... Flossbach von Storch, eighth-largest 3M shareholder, cites declining shareholder value One of 3M Co.’s MMM, +3.82% largest investors has raised concerns about Chief Executive Mike Roman‘s leadership and questioned whether a... — read more
Tim Walz New CROWN Act
How will this legislation impact who gets lay off or not?
Worse than 2008?
I don't know if there are still many people here who survived layoffs in 2008. I came to this company a little later so I don't know what the layoffs looked like that year, but I see that there are those who say that these layoffs are even worse... — read more
A great job is more than the salary in an offer letter
When deciding on whether to accept a new job offer you need to have a checklist. Make sure you get all your questions asked before accepting a job offer and don’t be shy about it. Is the company stable with a good reputation? What is the... — read more
Bankruptcy strategy failed
With the ruling against J&J, 3M will find itself in the same situation, and will be denied the ability to try to avoid paying the veterans. With weak profit outlook, bankruptcy failed, and healthcare spin in the ditch, who will be the fall guy?... — read more
Axe falling tomorrow?
Anyone hear anything about plant layoffs? Seems like tomorrow is the day for some places... Really stressing.
Any value brought to 3M
George Buckley once said no consultants, what am I paying 3M employees for if we need to use consultants. Tireman, what value do you bring if all you do is use consultants?
3M returning to its roots
I've seen several people mention the company's return to its roots as a prerequisite for its recovery. However, is that even possible, considering how far this place is from its roots today?
Who cares about productivity these days
Some are in 'vacation mode' because they hope that they will be laid off, and some are so worried about whether they will be laid off that they do not manage to do even the bare minimum. I believe productivity in general has never been lower than... — read more
3M Healthcare Spin-off Moving Forward
“ In a separate ruling, Rodgers on jurisdictional grounds dismissed a lawsuit by two veterans seeking to block 3M's planned spinoff of its healthcare business, which they called an illegal attempt to avoid compensating veterans”... — read more
Your strategy for saving 3M
So, let's say someone gives you all the power and the corporate steering wheel - what would you do to save 3M?
Court Rules Against Bankruptcy as Liability Shieild
Looks like precedent may be getting set as ruling goes against another company trying to use bankruptcy as a shield in talcum powder case 3M is using same strategy.
If you haven't sold all your 3M shares by now, what are you waiting for?
The JNJ loss in the 3rd circuit ki-ls 3Ms last chance to avoid chapter 11. Smart investors and retirees should: Sell all shares even those in GESPP. Eat the losses for the tax year. Going to zero in 3 years. If you can, start your pension... — read more
Why did the powerpoint cross the road?
To get to the other slide!! We see u segment marketing, with your snake oil!!
Austin
Does 3M still have a presence in Austin? I know they sold the old campus and Austin plant and were moving to a new leased spot at the Domain before Covid. They also sold CMD and I know EEBG merged with another BG. Anybody left at the Austin center?
What performance ranking system is 3M using these days
Been away for a little while. What performance ranking system is the company using these days. Is it the dreaded GE 5 (best) to 1 (worst) with forced percentages for each segment. Or is it something kinder and gentler? As a retired leader, did I... — read more
TTS needs to cut some SVPs!
3M IT ran for 100 years with only one SVP, now there are many. Given 3M needs to cut costs, why not eliminate the excessive SVPs? It’s actually crazy that Mark and Monish can justify this.
Morale at rock bottom
The morale for the EO manufacturing team is at rock bottom now. Everyone is worried about whether they are part of the 2,500 to be laid off. How are the leaders going to motivate their employees to improve and contribute to growth?
I would be so embarrassed!
If I were in the leadership of a company, I would be embarrassed because I would consider it my personal failure that a large number of people here wants to be laid off despite the fact that landing a decent job now will not be easy.
We're being told not to sell.
Plants need to cut costs so we're being told not to bring in volume. With the conflicting metrics and communication from exec leadership, the end message is we don't value sales and we don't want more sales.
3M corporate strategy
Are we keeping the corporate strategy group of MBAs? All the folks on the line, in the field, in the lab, etc, have to lose their job but all the coddled mba graduates that have accomplished nothing get to stay on qnd get their butts pampered so they... — read more
Were you laid off? WARN Act
The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more
So much hatred and anger in this website
Mike & gang should resign.
Firms that engage in frequent layoffs twice as likely to end in bankruptcy
From Harvard Business Review: "If You Think Downsizing Might Save Your Company, Think Again" Firms often downsize because it is seen as a way to reduce costs, adjust structures, and create leaner, more efficient workplaces. But new research... — read more
Mike is becoming 3Ms Freddy Krueger!
Just as Freddy made a living from Nightmare on Elm Street and many sequels, slashing and ki-ling people, Mike is doing his best in the 3M spinoff Nightmare on McKnight Rd. Freddy never ran out of people to scare and maim and even ki-l, Mike on the... — read more
Dump your shares before it goes below $100
It will hit sooner than you thought!!
Roman, Monish, Lavers, all need to go
Anybody heard of "Advanced 3M" anymore? Leadership trying to cover up their extremely poor decision making with massive investments in SAP / business transformation with little to no benefit to the bottom line. There is a reason why leadership... — read more
Quiet quitting will definitely accelerate
I'm a long time employee who's been retired a few years but can share a bit about the workplace psychology over the years when layoffs threatened. I spent close to 20 years in lower level leadership (never made it to the vaunted LG15 and up, but... — read more
Innovative restructuring by leadership
Leadership has made the bold and courageous decision to have production planners report into mfg plants…exactly where 3M was 2 years ago. Current leadership has us going in circles instead of moving forward.
Mikes greatest strength
The only constant under Mike Romans time in charge is yearly layoffs. 6 straight years of layoffs. Let’s make sure he gets credit for such an accomplishment. Anyone know his total number so far? And still growing too!
Sourcing is a mess
Coming out of the sourcing townhall, it seems clear that 'leadership' is also reliant on 3rd party consultants to direct where the organization should go. They have no clear vision and direction. No proper planning and alignment was done before... — read more
Can’t cut the fat
3M total number of employees in 2021 was 95,000, a 0.01% increase from 2020. 3M total number of employees in 2020 was 94,987, a 1.22% decline from 2019. 3M total number of employees in 2019 was 96,163, a 2.83% increase from 2018. The most recent... — read more
Over last year, stock down 60 dollars. Mike gets 15.4 million in comp
Well everyone who is looking blood red in their GESPP must be so proud Mike has "earned" a cool 250k per each dollar loss in 3M shares. Tireman is probably making decent dough and flying 1st class and eating like a Rockefeller on 3Ms dime... — read more
Layoff Demographics Data?
Does anyone know percent white adult males over 35 will be let go?
Even those who were not quite quitters before are now becoming so
I haven't noticed that people try to be more productive and do their best when in fear of layoffs. You? Moreover, I would say that they are more likely to decide on quite quitting.