Topics regarding layoffs at 3M

Topics regarding layoffs at 3M

WINNING is a GE expression for “A Call to Action”

It’s the title of a book written by champion manager of people, Jack Welch and his then mistress Suzy. Published April 1 2005, the 18th anniversary is coming up in 2 weeks. Jack shares the hard-earned wisdom of a storied career which believed become... — read more 

WHAT HAS BEEN YOUR EXPERIENCE WITH HR DURING THE LAYOFFS?

I’ve had a few people I know get laid off in the last several months and they all have similar stories about how uncaring or unresponsive HR has been during and after severance meetings. Would be interested to hear other experiences.

Unravel the winning puzzle 🧩

Below Needs attention and endorsement Copied from a page. Here is a script to use: (I'm going to start copy-pasting this into my town hall Q&A sessions) Mike (or other executive name here): You talk about 3M winning. Our shareholders aren't... — read more 

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| 2040 views | | 5 replies (last March 25, 2023)
Post ID: @OP+1lN9SC6D

Stock $100.78

Oh so close to mythical $100 line ! ✅Winning!

Transparency and Ethics

Headline from Seeking Alpha, March 23, 2023 "3M says financial guidance excludes possible litigation expense" I'm just a dummy T3 - 4A, so I'm seeking to understand what this means. Could it be that they are trying to hide the upcoming bad news? ... — read more 

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| 1870 views | | 5 replies (last March 24, 2023)
Post ID: @OP+1lNY0cDF

Agile Marketing pros?

Anyone else else hear our revolutionary digital leaders on that podcast RS is promoting? TP from 3M.com and former PSD dropout and current Medtronic leader? Jokers all around!!! Talking like they did something positive, yet all the initiatives... — read more 

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| 1951 views | | 5 replies (last March 31, 2023)
Post ID: @OP+1lNwLf63

Pay 4 Performance

Im interested to know what P4P increases people have got across the different countries. Specifically the competitive market adjustment as this will correlate to total average pay increases in country which have been generally driven by inflation. ... — read more 

Honestly, how busy are you?

I am literally drained. I've been overwhelmed for a very long time, but I see that there are people here who barely do anything at all.

cut cut cut

3M total number of employees in 2022 was 92,000, a 3.16% decline from 2021. 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... — read more 

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| 2410 views | | 6 replies (last March 24, 2023)
Post ID: @OP+1lMlUK9R

3M layoff choices

Am I the only one who is blown away that 3M lays off the people who make product or runs critical roles to production yet they haven't cut costs at any management levels who make much more than production type employees. It's completely backwards if... — read more 

How to quit?

I’m a white collar professional that works in building 220. I’d like to simply quit. How do you do it?

10k job cuts

Rumor is there will be 10k jobs eliminated within the next month. Anyone else hearing this and can confirm?

Impact on health

I'm really exhausted and I think it's time for me to get out of this place. How much has working at 3M affected your health?

GESPP

With stocks in free fall I’m considering taking my GESPP contribution and applying to my general investment portfolios outside of 3M. I’ve been here for two years and the performance has trended downward the entire time. My other accounts have at... — read more 

Gaining visibility

I have convinced myself more than once that it is futile to work hard if your efforts are not noticed by anyone. It's the hardest part of the job for me - how to make sure that your hard work is visibly noticeable to those who make decisions around... — read more 

Dyneon Sale?

My little birds are telling me that a sale of Dyneon/fluoropolymers business is being actively explored. The information I have is that at least one potential buyer has started into the due diligence process. I'm actually a bit surprised that... — read more 

We need real change!

Consultants are expensive and only tell you what the majority of companies are doing. 3M needs to understand and acknowledge its faults and take corrective action. They do not need another reorganization promoted people with new titles and no... — read more 

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| 1344 views | | 1 reply (March 20, 2023)
Post ID: @OP+1lJARRwr

unjust system for redundancy

i am 59 and a UK production worker, how on Gods green earth can salaried staff get a nice redundancy payment yet I cannot and have asked about leaving,

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| 1150 views | | 2 replies (last March 22, 2023)
Post ID: @OP+1lJSc2fy

credit suisse

is it true MM are heavily linked in with the swiss bank, EMEA do most of financials out of there

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| 1100 views | | 1 reply (March 22, 2023)
Post ID: @OP+1lJUhFvU

whats going on in bangor

is it right for a senior manager to treat a contingency worker better than a full time employee, the contingency worker has missed numerous days of work and also has left early in his shift and still is employed when the senior manager should let him... — read more 

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| 1861 views | | 4 replies (last March 20, 2023)
Post ID: @OP+1lIj2qC4

I left last year

I've still been following what's been happening at 3M. I have to admit, I feel bad for the employees, but I'd lie if I said I didn't enjoy watching this place fall apart and the leadership panic as they continue to sink this ship with their id--tic... — read more 

HCBG Layoffs Announced

Affected countries are below. Export: Puerto Rico Argentina Barbados Belize Bermuda Bolivia Cayman Islands Costa Rica (so, need a new GSC located elsewhere) Dominican Republic Ecuador El... — read more 

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| 2554 views | | 3 replies (last March 20, 2023)
Post ID: @OP+1lGmlu1i

O2 Layoffs

I've seen a handful of LinkedIn posts from recently hired O2s being laid off. Is this really what it has come to? 3M is so desperate to cut cost that now they're getting rid of young bright talent that is supposed to be part of the future of the... — read more 

Severance Package Agreement?

For those who have been terminated during these fragmented and opaque layoffs, have you had to sign a waiver of some sort in order to receive the severance package? It seems the Federal law (OWBPA and ADEA) is relevant for layoffs for anyone over... — read more 

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| 2500 views | | 4 replies (last April 4, 2023)
Post ID: @OP+1lGrK0cP

More Layoffs

With the following financial results as a backdrop, more layoffs are inevitable. 3M stock, which hit a new 52-week low Wednesday (March 15, 2023), is one of the worst-performing industrial stocks this year, down more than 16% in 2023, versus the XLI... — read more 

HCGB Layoffs Tomorrow

Rumor is announcement will come tomorrow for additional layoffs for HCGB. The M&M solution is to lay people off rather than come up with actual solutions to fix the disaster they caused. Ridiculous

Really? Thoughts?

‘[O]n Combat Arms, we don’t believe we have done anything wrong, or Aearo hasn’t done anything wrong.’ 3M Chief Financial Officer Monish Patolawala

It’s just billions

Per UBS Analyst, 3M faces a total liability of $15 billion from the Combat Arms litigation, but his estimate is for a liability of about $7 billion. That compares with 3M’s settlement offer of $1 billion. Yikes! Buckle up folks

"Winning" Challenge

When 3M stock falls under $100, ask every manager/leader if they are "winning" at every appropriate opportunity. Bonus points if you can fit in that "you are seeking to understand why" and triple points if you ask them what is being done to "action... — read more 

Increased prices

Many premium products are expected to experience a significant decrease in sales volume due to the recent price increases. Some of our major buyers have expressed their reluctance to accept these higher prices, which will inevitably affect our... — read more 

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