Wtf
Feeling cheated
First the life savings go down with the stock, then the job security. Put two decades of work into this company and at the end of it I can say that it wasn’t worth it. Don’t know what comes next for some of us folks.
Cuts...
The only card that corporate higher ups have is cost cutting and layoffs will inevitably happen at some point this year keeping alive the tradition of yearly layoffs for the past 3 or 4 years. Why wait for layoffs to happen to look for new jobs ?... — read more
layoffs tomorrow?
I've heard rumor of a layoff announcement tomorrow (fri jun 23). Can anyone confirm or deny this?
No hope for getting back on track
To bring down a company to such an extent that has "survived" 120 years could be made into a case study. I no longer believe that issues here can be fixed and that the company can get back on track. Any optimists out there?
How likely is bankruptcy?
Based on the recent results of the bellwether trials and the sheer scale of the MDL, it seems the earplug lawsuit will take a major chunk of equity from 3m. Recession is creeping in as well, consumer spending is declining sharply, inflation is at an... — read more
the company will go bust at this rate
Home Personal Injury Products Liability 3M Combat Arms Earplug Lawsuit Attorneys 3M Combat Arms Earplug Lawsuit Attorneys Thousands of veterans and current military service members may be entitled to receive financial compensation in the 3M earplug... — read more
The things they've done wrong?
I may be cut soon, but I don't envy those who will survive either. It is not enough to say that I am disappointed in leadership. I am more than disappointed in them. I think there are too many things they did wrong.
Looks like we are all equaly unsafe
It is quite obvious that things are getting ugly. I think no one should feel safe, everyone should be prepared, but I wonder which groups will be the main target?
big internal huddle on the 24th June
internal huddle but it is on the quiet, no details will be released until the following week. The true beginning of the end, mark it in your diaries , 120 years wiped out in several months
Next wave of layoff due Q3
Heard there's another round of maasive layoff planned in Q3. The next earning call will be brutal. Anyone has further insights?
Possible Jail time for 3m??
https://www.bloomberg.com/graphics/2022-3m-pfas-toxic-forever-chemicals-europe/
massive drop in share price happening this week,, this is serious
big announcement happening on 24th june, although insiders have said wall street has lost faith and share price will crash over the next fortnight, will be selling up this morning and getting best price
who cares??????????
3M really doesn't want to control attrition anymore. Senior leadership literally doesn't care. They are counting on the attrition to do a 'quiet' layoff. Of course this means the best of us will go off and do something else. Oh well...
Rotten corporate culture
Everything is aimed toward enriching a few and exploiting the rest. I used to enjoy working here but things have changed so much that this place is completely unrecognizable. Anybody who's even considering joining 3M should walk away before they get... — read more
How did you manage to get the promotion?
I tried to get a promotion, but all the extra effort I put in was in vain.
Learning tracks
What do you think of the mandatory Learning track online courses? Feels like a complete waste of time isn't it?
2023 is going to be messy
rumours flying about, the cost of living is going to break up Mother Mining, people cannot afford the premium products and its looks like several areas of Mother Mining will be broke up and sold off,, going down the GE road as predicted by a lot of... — read more
HCBG fires non MRNA shot takers
Involuntary resignations were completed yesterday in HCBG for thise who made the personal choice to not take the MRNA shot. Way to go 3M on following the science, the political science.
High levels of attrition
I wonder if the company will be able to reduce it? I think 3M has totally lost control of staff attrition.
Is Monish the biggest failure in the history of CFOs at 3M?
So he has over $20B in value destroyed since he has been here and is paid almost $8M a year? It is strange that Roman would tie his fortune to this loser. No ideas on growth or creating something, only cost cutting and "breaking glass". How did that... — read more
Another insider sell share
3M (NYSE:MMM – Get Rating) insider Mojdeh Poul sold 1,634 shares of 3M stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $151.68, for a total value of $247,845.12.
Promoting unqualified people
I'm trying to figure out why this is happening. Sometimes I get really depressed when I see that some roles are given to people who do not have adequate knowledge and skills. I believe similar things are happening in other companies, but here it... — read more
just cannot stand the place any more
it is so toxic , working with no future plan to be promoted, try to be visible but nepotism lives on in strength, more than likely every Mother Mining office. Just hoping to get out asap,
What is 3M still good at?
The decline is very obvious from a few years back. I decided it was time to go to the moment I could no longer think of at least five things that this company is really good at.
When do we get a COO?
Bets on who? External?
All this frantic activity has exhausted the die hard 3M ‘ers
I have been part of this org for decades. One thing for sure organisation has evolved in a very reactive way in the last years. Wonder who listens anyway. The amount of churn at all levels, has left all in the org in a state of disbelief on the... — read more
Do you think anyone in HR/VP/EVP level looks at this?
No decisions, no guts, no risks. no accountability.
Next stop 135
Sorry..,
Lack of career opportunities in the technical side?
I have seen a bit of recent posts where technical people complain about a lack of career opportunities in the technical side. Can anyone comment on what this means? After getting my PhD, I had multiple offers in the R&D sector from multiple major... — read more
Q1'22 earnings call
Results just out. What do you think of its prospects?
How long until they split the company?
GE playbook….how long until it happens at 3M? Seems the GE way is now the 3M way!
Anything positive in the past five years?
Name anything good that has happened under current leadership. Projects, COC appointments, growth?
A3M Thread (April 2022)
What's our opinion?
Will there be more layoffs this year?
Should we all be looking or only TTS?
TTS TCOE - Get out while you can
The new CIDO thinks everyone is an id--t! Mark and Monish are moving most IT jobs to India as a cost cutting measure. If you are helping to enable this you are effectively enabling your job to be cut. Get out now on your own terms before you don’t... — read more
Work your way
Now that the center is open, how long do you think till they call the majority of center employees back into the office? I think those in the BG's will be called back by the end of September (once Cabin season is done) and those seen on the cost... — read more
2022 Q1 miss - Q2 looking worse
My little birds are telling me that Q1 will have a fairly severe bottom-line miss, Q2 is looking worse with little hope for the rest of the year getting much better. Spending budgets are already being gutted across several divisions in a futile... — read more