Leaders that have never led at these levels! Catch phrases like “consumer centric” but with Leaders that don’t understand consumer business. Reduction of divisions leading to lack of focus and lack of business through prioritization! Lack of growth... — read more
More Layoffs in Health Information Systems
Free promotions for Directors and VPs while every quarter more individual contributors get laid off
Another lawsuit: Fond du Lac Band sues 3M and other companies over PFAS pollution
Just today! The Fond du Lac Band of Lake Superior Chippewa has filed a lawsuit against 3M and 23 other companies over contamination of its water and fish with PFAS, so-called “forever chemicals.” The complaint was filed last week in federal district... — read more
3M to name CEO for Health Care spinoff soon
JULY 25, 2023 BY CHRIS NEWMARKER 3M logo3M (NYSE: MMM) officials say they remain on track to spin off the company’s healthcare business by late 2023 or early 2024. “We’ve made good progress on our planned spin of our Health Care business... — read more
Masking plant in Ireland goes on strike
https://www.thelayoff.com/post/@hjr+1nNCvJXV
What’s going on with TTS?
No internet hires, and many folks leaving….what’s the issue?
More layoffs happening
HIS just laid off at least 20 people today. Anyone else impacted?
California, other states move to block 3M's $10.3 billion PFAS deal
A group of 22 states and U.S. territories on Wednesday moved to block a proposed $10.3 billion settlement that would resolve claims against 3M Co (MMM.N) over water pollution tied to “forever chemicals,” claiming the deal fails to adequately hold... — read more
Management Call Out
Since HR su-ks at 3M and doesn't listen to employees. Without saying names post the location, title, and why they su-k so we can get some real changes to problems. I'm sure the board listens or gets feedback here.
3M records rare quarterly loss, but raises outlook following layoffs, other cuts
"Sales declined 4% from last year's second quarter to reach $8.3 billion. The company forecasts full-year sales to decline as much as 5% compared to 2022. Expected earnings per share of $8.60 to $9.10 will be the lowest annual haul for 3M since... — read more
3M's forever chemicals
Have your drinking water tested for pfas.
3M’s Dark Chapter Deepens as CEO Faces Beaten Down Investors
Billions in PFAS payouts seen squeezing cash flow for years Company mired in legal battles, sales declines as stock falls
Advice for those considering joining 3M
Start your career with a company that has a future. This is not it. 3M was a great place to work years ago and it’s still trying to reel in new talent using the reputation it had years ago. Don’t fall for it. There are many, many better places that... — read more
The GSC model is destroying 3M
The more the corporation utilizes the GSC model, the more our ability to perform basic business operations crumbles. Who has GSC horror stories to share?
Why do you stay?
I love it when people, especially on here, ask why people stay at 3M. If I may, I will quote Spaceballs (with some minor changes): ...And they've already got me in their magnetic beam. We're too late. What a shame. I'll just throw her in reverse... — read more
There are 4 groups of people left today in 3M
There are 4 groups of people left today in 3M. Group 1. 1980s and 90s hires who just hope to get to the finish line with pensions and retiree medical. No need to rock the boat but please stop clapping at townhalls after this abysmal performance... — read more
3M Earplug Lawsuit Updates (Miller & Zois)
Update: As of July 17, 2023, there were a total of 257,449 plaintiffs with pending cases in the 3M earplugs MDL, an increase of nearly 3,000 since the previous month. The never-ending stream of plaintiffs has become a major obstacle to settlement... — read more
Jet Tracker Update - 17 July
It has been really quiet on the jet front lately, not surprising with the 4th of July and summer vacations. N73M No trips since last report - currently in St. Paul N83M Flew to Asia over this past weekend, currently in Seoul, South... — read more
What is “New Health Care Company” in 3M job postings
Saw a bunch of these postings. Anyone knows what this New Health Care Company is? A spin off? Potential spin off? Thanks in advance.
Mental health is priceless
I can't tell you how many people have told me that they feel like they're becoming a better version of themselves now that they've changed their jobs and are not subjected to the constant toxic atmosphere and bullying from those above them. In all... — read more
$20M in 3M Ventures spend per year with 15% less performance than average funds?!
I came across this thread questioning NPI and 3M Ventures and thought this was one of the most relevant discussions to have - I joined the company a couple of years ago and I did not even know there was a venture capital arm! Upon a quick google... — read more
New hiring
Funny seeing all the happy posts of new hires and adds to the company. I thought we were reducing staff. Can you say "let's replace the JG 14 - 16s with 11 - 12s?" That's how much integrity 3M has now. That's why they don't bother saying "3M... — read more
HCBG 480 million dollar expansion in Brookings
Warehouse, office, lab and manufacturing expansion. What does this mean for the St.Paul HCBG location and Spinco?
3M 'at a pivotal moment' as it works to come back from litigation, layoffs
For much of its 121-year history, 3M has been a picture of stability. Now faced with multi-billion dollar payouts over PFAS contamination that could grow, the company is slashing thousands of jobs and worrying investors with lower stock prices and... — read more
so much cheek he could have another bu-t
this rubbish just in from the C.E.O. ON LinkedIn.........................At 3M, when we think about how we can best help support our communities, and create a more equitable society, we follow a simple approach: listen, understand, act. By starting... — read more
Recall
Critical failure hold on half of the production inventory at a plant in the safety division. Shows how incompetent the management and training bleeds down to production. Experienced employees have moved on. This is going to be a huge money hit. Big... — read more
A toxic workplace is more likely to change you than you are to change it. Get out.
Prioritize mental health over any job. As leaders, cultivate a culture of respect and support. Check in on your team.
Why DESIGN is hit badly this time?
Either dissolved or merged into lab...
3M is stuck in the past
And I don't mean a few years, but a few decades in the past. That's one of the main reasons why things have been going the way they have been going. We need leadership that will push the company into the present and leave the old-school, failed... — read more
What's next?
Anyone feel like the layoffs did nothing? What else needs to change? More layoffs?
3M Red Flags
Anyone have any comments on this website and video about 3M and its stock ? https://www.fool.com/investing/2023/07/09/3-red-flags-for-3ms-future/
From massive litigation to mass layoffs, what's going on at 3M?
https://www.postguam.com/business/from-massive-litigation-to-mass-layoffs-whats-going-on-at-3m/article_7b02a9be-1d2b-11ee-98a0-773b64e290a6.html