They keep lying to us in meetings. Didn't talk about any substance of layoffs. No details. Hardly said a word. Now they bring up correlation between upcoming automation and the recent bad news but have the audacity to say our jobs are safe for next... — read more
Can 3M use the restructuring charge to deleverage debt?
Restructuring charge for debt deleveraging? Or is it Blockrock that’s repurchasing our debt and gaining more equity? Also, with this new A3M/Not A3M alignment is seems like it’s positioning certain business parts for sale, am I right?
Reducing severance
How much is severance? Is it true that it is less than previous layoffs?
What becomes of Maplewood itself?
With 3M cutting a lot of jobs at the site, what's going to happen to the city itself? Back in the 80s, it was considered a decent place to work and live. Then people started moving to Woodbury for more upscale living. Wonder what tax hit this... — read more
9.6 million US job openings
The unemployment rate is expected to blip up to 3.6% in April, a couple of notches above January's half-century low 3.4% “Roman’s My Way” And now, the end is near 3M faces the final curtain My friend, I'll say it clear I'll state my case, of which... — read more
Mike's Around the World Non-Apology Tour 2023
Alternatively titled the 'Fails Tour'. While us minions await our severances. That fool Roman has been getting jet time in. His tour so far: St. Paul to Tokyo (fuel stop in Anchorage) - Tokyo to Seoul - Seoul to Europe (fuel stop in... — read more
How are we viewed in the market?
It is comforting to hear people say that in general we have a reputation as good and quality workers on the job market, and I hope that is true.
1100 @ the center
https://www.fox9.com/news/3m-lays-off-1100-people-at-maplewood-headquarters
260,000 earplug claimants
3M has lost 10 of 16 of the ear plug cases, with the average claimant being awarded $26 million thus far. It is estimated that the remaining 260,000 claims will be settled for between $40k and $500k. So on the low end the company will be paying out... — read more
6,000 layoffs
From what I've seen 3M is laying off sales force, talent acquisition, and some business transformation roles. So is the plan to stop selling product, stop hiring/recruiting students, and pause BT for the rest of the manufacturing plants who haven't... — read more
PFAS product list
For those who are left on the 3M Titanic, take a good hard look at the PFAS product list that was posted/buried on the 3M website in December. You can’t search it (that’s intentional no doubt) but odds are that among the 15,000 products affected... — read more
Asia GCA townhall now with CEO
Any exciting observations?
What is former GE reject/3M destroyer James McNerney doing these days
Hard to believe that a nearly 100 year company that had a rich history, sterling reputation, and was considered THE PLACE to work in the Twin cities was irreversibly damaged by ONE BAD HIRE, mcnerney. December 2000 will go down in history when 3M... — read more
Has anyone heard anything about Global Lean Value Stream Layoffs
I just received an ‘all clear’ from one of the divisons labs that all USAC employees had been notified (I assume within the division), but my group was told we may have to wait thru Peter’s Town Hall before we learn anything. I could see The Tireman... — read more
RTUs
If you have not, everyone should have sold all of their RTUs by now . This stock is about to barrel down past $100 and never come back.
Let's stop for a minute and review certain approaches. Ask yourselves these questions:
What entities really own the biggest corporations in the world? Do I really make any difference or is it just a theatre? Where are the boundaries of my commitment and trust? Do whatever you want to me, because I am deeply in debt, I will comply and... — read more
For those staying on the sinking ship
Everyone should most definitely have a base, updated version of your resume. Bonus would be to have a few different versions that shift a bit based on type of role you apply for. Everyone should have a 3 month emergency fund that is super liquid... — read more
They created such a culture
It's sad to watch those at the top leading this place straight to the bottom. I don't think they realize that they have created a culture in which most of the employees are milking this company while they look for new opportunities outside. What... — read more
For those who are still on GESPP
I hope you have stopped all GESPP contributions and ride out the 1 year holding period to sell everything on hand. This counter is going downhill after the divorce. Good luck
ISD=IMT
Industrial Specialties Division = Island of Misfit Toys. Holding spot where abandoned 3M businesses go to die. I hope Rudolph and Hermey the Dentist can arrive in time to save them (apologies to those who don’t recognize this reference from Rudolph... — read more
Cut sales force to improve sales?
What is the logistics?
Anybody who is not looking for a Job seriously now ...
is a fool. Even if you have survived this round of cuts, it will be hard to survive the next rounds coming later this year and for surely in 2024, 2025, 2026... If you are shocked that 3M has announced mass layoffs twice this year already, by... — read more
Production
How many production workers will be affected
Massive hits to US SIBG today
Here to say that some of the best of the best were let go today. All different ages and experience levels - S5’s, super achievers, key account account leads. Estimating a 30% reduction in the field, if not more. They’re more then just colleagues... — read more
It's Happy Hour time in Maplewood!
Very sad for those who did or will lose their jobs during this mass insanity (again). However, since the weekend is underway, anyone want to share a favorite memory and perhaps timeframe from Tartan or 3M Club or even wonewok if you got to... — read more
Fusion of CSD and TSD - thoughts ?
What does it mean for the strategy of the new division ? Shall we expect the majority of layoffs within TSD ?
Voluntary early retirement
On a similar note, I don't understand why 3M isn't using voluntary early retirement incentives. I know this was discussed a month or two on this site, but it seems so bizarre that 3M wouldn't pursue this mechanism which would limit liability... — read more
The very best summary of cratering 3M!
"There have been countless efficiency initiatives here, and little to show for it over the years,” JPMorgan analyst Steve Tusa wrote in research note. “This seems like more of the same.” Finally, an analyst who hasn't been drinking Mike and Monis... — read more
We should be safe until Monday
I think we're done with layoffs for this week only. Friday is not the usual day for layoffs, so I think that anything further they have planned will most likely wait until Monday. This is my own speculation, though, based on my long history with... — read more
Any actual layoff info?
Does anyone share actual layoff information on this site? I know layoffs must be actually happening and I'm coming to this site in hopes of learning some of the details, but all I see posted is everything except actual layoff information. If you... — read more
Is it possible to get rehired in an another business group.afyer layoff
I know it can happen if one is well connected. What are the chances this time around.
Waiting for package
It is clear that the company would like us to leave without giving us packages. On the other hand, considering that looking for a new job while you have a job is always a better option than putting yourself in danger of looking for a job when you... — read more
"Industrial Specialities Division"
Another experiment doomed to fail?
Which remaining 3M biz (not HC) becomes the next Imation?
In the mid 1990s, Desi spun off the data storage and related business as imation, which was a shell of the old 3M business in 10 years and is completely extinct today as 3M/imation never figured out the future of data storage, an area where 3M was... — read more
Q3 2027 Earnings Call Update
Mike and Monish are the only 2 remaining 3M employees. The plants have been shuttered for a year, 3M's brand has gone the way of Sears/GE and most manufacturing assets have been sold to companies in Vietnam or the Philippines. Wonewok was purchased... — read more
Lawyer needed if accepting terms of layoff?
Is a lawyer needed to look at this if I am going to accept the severance? This looks to be very boilerplate and there was zero intrest in any negotiation. Has anyone been successful that has been laid off from 3M to improve the exit package, that... — read more
May the 4th be with you and other Star Wars references
I'm sick of them.
Timeline Details
If we don't find out this week that we are laid off are we safe or is the bigger axe going to fall next week too?