Topics regarding layoffs at 3M

Topics regarding layoffs at 3M

Solventum HQ moving to Texas

Leaked internal sourcing memo says that the change is happening August 15. Prior town halls suggest that there will still be a large R&D presence in Minnesota.

It's the same playbook

BB talks a good game just like Mike Roman did about growing organic sales and introducing new products. The playbook he is using is the same. 3M blew over a billion dollars buying there own stock between March 31'st and July. He let Gibbons put the... — read more 

More Restructure Operations Implied

Interesting comments. It flat out sends a message to the external market and to internal foundation that more significant restructuring is coming immediately. However it is short sighted. 3M has spend decades optimizing operations, and designing... — read more 

AIP

With such a good company performance till date 1H2024, does anyone knows if BGs have released the Q1 and Q2 AIP % results yet? Thanks

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| 1500 views | | 7 replies (last September 27, 2024)
Post ID: @OP+1tLtM1cQ

Who else feels completely burnt out?

I have no idea how much longer I can keep doing what I've been doing. I desperately need help but nobody seems interested in providing any. Our team lost five people in the last 12 months. It's not humane to expect us to pick up their work without... — read more 

What does good performance mean for us?

Can we expect a bit of peace and quiet? Better pay, benefits? My personal experience is whether the company is doing well or not, you as a worker are in peril anyway and will not reap the benefits but will always suffer the cost. I'm a newbie here... — read more 

Osha

Busy in the plants. Equated them to sweat shops. Big yikes.

Fall

Appears all signs hint selling. Any info?

What’s the point of consultancies?

Even more of a tragedy many of those engagement managers: Haven't even been alive much more than 25 years, let alone have 25 years of experience Have never built anything more complex than cheap Ikea furniture Have never physically worked... — read more 

What is McKinsey doing at 3M these days

Quite a few Engagement managers working directly with CEO. What are they up to ? They are listed as contract workers with direct report to the CEO . Check it out.

money is slowing syphoning out to pay claimants,

the real reason Monish has left is there will no money in the pot in 12/18 months, here is an update on why departments are being told to run down stock and stop new orders, 3M Earplug Lawsuit News July 16, 2024: 3M paid out $500 million yesterday... — read more 

Treat you’re employees well and…

You’ll gain most their children as lifelong customers, treat them bad, you’ll likely gain resentment, 3M employees have some very successful influential employees, Decatur alone has 3or4 NFL starters… that’s one Monday night football interview away... — read more 

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Post ID: @OP+1tAhO3VN

Can't find a new job

I'm done with 3M. I've been looking for something else since the start of the year. I don't even know how many applications I've submitted and how many interviews I did in the past six months. I even made it to the final round a few times but I ended... — read more 

CIO/CIDO Needs to go

Mark isn’t the guy for the job. We need someone innovative that actually cares about the company. Mark only cares about himself. Imagine what could be done if we had a competent leader.

I need to get out right now before it's too late

Attrition has intensified recently because people are realizing there's no future at 3M. Everybody is seeing the writing on the wall and taking action. I'll be damned if I'm one of the last ones to stay on this sinking ship. The first proper job... — read more 

Change in leadership, layoffs next?

Every time I see somebody from C-suite/upper mgmt gone, regardless of how bad they were and all of us having all kinds of reasons to be happy for seeing them out, I’m also anxious because new mgmt comes in with a pomp and announces overhauls, reorgs... — read more 

CFO

3M, Inc. (MMM) announced Wednesday the resignation of Monish Patolawala, President and Chief Financial Officer, effective July 31, 2024, to pursue another opportunity. Patolawala will stay on through July 31, 2024, to ensure an orderly transition.

CBG

Rumors about CBG? No growth, no NPIs…

CEO Travel

It is curious to me how much it is costing the company for the CEO to travel. He has flown into several cities, visited a plant for a few hours to give some sort of feedback, then he is on his way. Who knows what this brief assessment will bring to... — read more 

CIO needs to go

Incompetent leader who cripples innovation because he learned the %'s quoted in every pocket MBA book. CTO unable to move any R&D initiative forward unless it has an ROI that is approved by the CIO. 4% R&D expense to revenue corrupted by M&A... — read more 

June ETF

With the last month of Q2 to go, it's seems the factory (large plant) is having significant demand being pushed out. Wonder if the rest of you are also seeing the same trend? Any potential layoffs in 2024?

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