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
Now I'm really steamed.
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.
167.00 a month
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
Skills are the most important
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
Does anyone still work in office at 3M Center?
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
Paycuts effective July 1
Aip to be effectively adjusted, plus 10 percent paycuts. Welcome to what's left.
Layoff list
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?
Twin cities two step
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
AIP
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
All companies are the same
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
Correlation: layoffs, stock price, injury rate, then (90s) vs. Now
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
Moving phDs from Corporate to Divisions
To save talents?
Stopped doing my job until there is an official announcement layoffs at my group are over. Reasonable?
Why would it keep doing my job since my role maybe eliminated in 2-3 weeks? Anyone else in the same boat and struggling with productivity?
3M stock below $100
Winning?
MMM 100.3 stock price
And no changes to leadership On its way to a penny stock
Just Listened to Annual Shareholders Meeting
What a snooze fest. A third of this 35 minute broadcast was administrative blather and CYA statements. Roman's comments were obviously highly scripted (you can actually hear paper shuffling) and very stiff. No emotion, no passion, and especially... — read more
PdC “industrial accident” death
Rest in peace to the PdC employee who passed away this morning due to an “industrial accident”. Please keep family in thoughts and prayers. Details aren’t really released yet. Tragic stories like these make me want to distance from Mother Mining as... — read more
3M
Mike and his minions, the board, you’re an embarrassment to the employees of this once amazing 3M family. It was brilliantly woven with strong values and work ethic and all grounded in every employee feeling personal responsibility for the success of... — read more
RSU and spin
What happens to our RSUs at the spin? Wish I could get this stock and sell it all!!
Austin Offices Closing?
Are the offices and Labs all closing in Austin?
swot
SWOT Matrix Strategies Objective The primary purpose of SWOT matrix is to identify the strategies that an organization can use to exploit external opportunities, counter threats, and build on & protect 3M strengths, and eradicate its... — read more
Layoff crystal bowl: timing for next move
I think we've all realized with the M&M&M boys that it is no longer a matter of IF but only HOW SOON AND HOW MANY. I watched the market today, around my price is right break and my 2 pm nap. 3M came perilously close to dipping below 100 in the 1st... — read more
3M Tuition Reimbursement
Curious if anyone has either 1) been laid off or 2) voluntarily left the company while 3M was paying their MBA (or other graduate degree) tuition. Did they make you pay a portion back? How did they handle it if you were mid-degree and you were laid... — read more
Did layoffs come up today and annual meeting?
Sorry, but I consider a day full of CSPAN and CSPAN2 more entertaining that 3Ms annual shareholders meeting. Gotta love Mikeys comment and word salad: driven by purpose, taking important action, uncertain macroeconomic environment Purpose? You... — read more
We care about the company more than does the leadership
That is my personal impression, that we spend more time thinking about this company and its future than those who are at the top. I am not sure that they have any long-term plans for the company. That's why I think that maybe the best advice for... — read more
the top dogs and cats
If you joined this company pre2000, this is definitely not the company you joined. It has everything to do with the leader at the top and the people he chose join him in leadership. Just looking back at the leaders since the 1980s gives a telling... — read more
Why aren't you at least trying to get away?
I can't understand why some folks are still not looking for a new job and choose to remain in their miserable situations unless they're petrified of what's on the other side of the fence. It's just mind-boggling how some can tolerate such a bleak... — read more
Employee pushback
Do you think that employees could form a circle around the HQ site lawfully and peacefully to gain media attention that would push the board to remove the two Mikes?
Job Elimination Practical Advice & Tips
Can anyone who has recently been through the job elimination process offer their advice for what to do within their 15 & 45 day windows (US)? From personal file & phone # transfers, to health care coverage transitions & financial planning, etc? There... — read more
It wasn't always like this
It pains me to say this, but 3M just doesn't seem to be the same company that it used to be. The current state of affairs is incredibly disheartening. The leadership team is not delivering on their promises, and their apparent lack of vision is... — read more
Opportunities
A healthcare VP told me the other day when you hear someone bring up the word "opportunity," keep your hand and head down. The company will never invest in it to scale - and the people who move to the exciting new high growth opportunity are the... — read more
Can former and current employees unite?
3Mers former and current are passionate around and stand behind the McKnight principles. Is there anything we can do to stop the maniacal management practices today? Any ideas out there?
A3M
Don't forget all of the current Presidents and Execs in place now had a role in the last few years of building out A3M and all the Transformation nonsense. These were disasters and destroyed the company. It was impossible to run a global portfolio... — read more
What will be the next shoe to drop, Pension or Dividend cut
Since mass layoffs, perhaps multiple times a year, are a sure thing moving forward, what will be the other big announcements in the near future. Stopping pension for portfolio 1 and 2 employees. Cutting dividend. Not sure how an almost 6%... — read more
Where are our former leaders?
There are so many former leaders/SVPs … where are they? We need them. Help all of us you used to lead and believed in the magic of our wonderful mother mining. Your voices are more powerful than you know. Don’t stand down. Stand up. stand up for... — read more
Asia Layoff Announcements - expected next week
Limbo is a terrible state to be in. Last week has been tough, many of my counterparts in the US have been impacted. I am hopeful that Asia announcements come in next week. Any guesses or indications of what they would look like?
Linkedin losers
The following is a list of linkedin people i d love to kick in the groin People who have been laid off who are overly complimentary to the shi t show of a company we work for. The truth is it once was a great company but no longer is. Stop... — read more
Would employees/retirees prefer 3+ years more of Mike or an activist investor shakeup
Under the old say "the devil you know," it appears that if 3M stays the course, Mike will be around another 2 to 3 years followed by (probably Vale). Meanwhile, kind of interesting (but not surprising) to hear Inge and Mike were worried about 3M... — read more