Topics regarding layoffs at 3M

Topics regarding layoffs at 3M

Left 3M for competitor

Best decision ever, joined a real growing company with good career potential. Get out while you can, 3M has not grown in 10 years. Sales have been $30B, and will remain at $30B or less in the next 10yrs. That means 3M is losing share every year. The... — read more 

Is your schedule busy?

Some would say that's great and that's how it should be, but I'm worried because I have less and less work to do. I used to be busy, at times didn't even know if I was going to be able to finish all the work, and now I have almost nothing to do... — read more 

How do you cope with constant stress?

Working in this company has been reduced to constant worrying and stress. I am anxious every day because I constantly hear that my colleagues are being laid off one by one and I am just waiting for my turn to come. It's a horrible feeling. At the... — read more 

All I'm waiting for is severance pay

I do not expect any improvement in this company. In my opinion, all that is worth waiting for is severance pay. I believe there are many more who are still here just for that reason? I still haven't received an extraordinary offer for a new job... — read more 

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| 1231 views | | no replies yet
Post ID: @OP+1ago8maI

Replaced by the shiny new penny

Well, it happened. After stealthy gunning for my job, the younger, outside-hire MBA got it. I’m sent packing after decades, suddenly dropping out of favor after a skillfully crafted program to oust me. Do not trust the senior manager that smiles and... — read more 

Nothing new here, but wow . . .

https://www.msn.com/en-us/money/markets/this-ceo-made-300-times-more-than-his-workers/ar-BB1flTMT?ocid=msedgdhp Interestingly, the article mentions nothing about the thousands and thousands of jobs slashed under his tenure.

No longer caring about layoffs

Now that I think about it, getting laid off wouldn't as bad as continuing to work in these really difficult conditions where we are missing so many employees. Worst of all, those who were best at what they do are gone, and the rest are leaving on... — read more 

Can one plan 5 years in advance?

I haven't been in this company for a long time and despite everything I would love to stay here for a while longer, if nothing else until I expand my skillset enough so I can move on. However, I understand that times are uncertain and we absolutely... — read more 

$200

Looks like stock market likes what 3M is doing. Stocks going to hit $200 mark again.

Strategy on growing this stagnant company (2021)

From 3M Company's presentation at JPMorgan 2021 Industrials Conference (Transcript), March 16, 2021. ( Transcript at www.seekingalpha.com) "Our goal also, as we do these restructurings, as Mike had announced, when we took the charge was, it... — read more 

Prepared to go but still here?

I constantly hear advice that we should be prepared when the layoffs start. Other than some savings I set aside and mental preparation I don’t know what that actually means. If that means having an option for another job, then I don't understand... — read more 

Growth on the horizon

The fact is that employees are being cut to improve EPS because there is not enough top line growth to full earnings. Growth cures a lot of problems, and it’s tough to see growth on the horizon. Or maybe someone still sees some growth on the... — read more 

Plant layoffs

Do all plant sites have tons of EHS employees and none were affected by the layoffs? Seems like there are enough people in their group to cover an entire region.

Can’t say enough

I can’t tell you how much I hate it here. From my first business trip where my boss’s boss’s boss tried to make the moves on me in a hotel over 20 years ago, to it just happening again before Covid. This place crawls with creeps. When I reported the... — read more 

How much patience do you still have to stay here?

My patience is running out. I can last another two or three months and have to leave, even at the cost of having to accept a much worse position somewhere else. I thought I was exaggerating and complaining too much, that things were going to get... — read more 

Stress, layoffs, and less collaboration

Morale is in the dumpster because of a few things. First 2020 stress is real, and definitely part of it. Second, 3Mers have gone through three terribly-managed and badly-communicated layoffs in three years, that helps nobody feel good. Lastly, and I... — read more 

Why is morale so down in 2021 ??

So many negative posts this year already compared to previous years. It is kind of scary ! Why are things so bad at 3M ? Doesn't bode well for the future.

Exit interview?

I can’t take it here anymore. The atmosphere here destroys me both physically and mentally. I was hoping to get laid off, I heard some rumors that they might do that soon but I realized I couldn’t wait any longer. I found a job in a company where the... — read more 

CRL Layoff - Japan and China

3M just let go of their entire Corporate Research Lab staff in both China and Japan. 100+ researchers and technical managers let go. The staff that leaves will enable at least a dozen competitors just from inside knowledge alone.

3M share price

Looks like it is back to the $180 regions Any reasons for the regained interests or is it planning to sell some businesses?

3M is in a tailspin

3M took the opportunity to use the "muh Covid" Excuse to lay off high salaried, grandfathered pension recipients that were left in their employ. They sprinkled in an admin or 2 to make it look good, but we figured it out. This leaves a bunch of... — read more 

When was the last time you came to work happy?

Always the same story, always the same problems, nothing changes here. My motivation is lacking more than ever. I don’t remember the last time when I came to work relaxed and motivated. I can barely do my job because everything here has become so... — read more 

Token under 40

Token under 40 in a group of 50s and 60 years old that were laid off for 3M to conceal their age discrimination. Work dumped on others who are looking for the door. Applied to dozens of internal reqs., not one interview because of my status. But... — read more 

#mmmetoo

Harassed, reported to HR, swept under the rug, then LAID OFF.

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| 1340 views | | 6 replies (last March 10, 2021)
Post ID: @OP+19DNHFfR

People don’t inquire enough

It took me a little over a year to realize that there is no career development potential here. It’s a horrible feeling considering I immediately realized I needed to look for a new job. Why did I think differently before I applied for a job here?... — read more 

Status of laid off employees in the Jan 2021 layoffs

What is the status of the 2900 ( official nos. , but then who is counting) employees that were shown the door in the recent layoffs ? Were some of them able to find other jobs internally or was that door shut down , now that most divisions have... — read more 

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| 1970 views | | 7 replies (last March 27, 2021)
Post ID: @OP+19xOECRw

Surprising that there are no more layoffs?

Filling out endless Excel sheets and making PowerPoint presentations more or less anyone could do. We have too many managers, but this company lacks people with vision, leaders. Those who will recognize that the success of the company rests primarily... — read more 

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| 1450 views | | 2 replies (last February 6, 2021)
Post ID: @OP+19f8KGez

3M and PFAS

What are the implications now that Democrats are in power and will likely pursue this topic aggressively. What is the total liability ? 20 Billion USD ... — read more 

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| 1390 views | | no replies yet
Post ID: @OP+19awr1aL

Next week?

Will the brunt of the announced layoffs hit next week?

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| 1674 views | | 3 replies (last January 25, 2021)
Post ID: @OP+193eHHDI

Investor sentiment from 3M Yahoo finance message board

How in the world can 3M employees, stockholders, and board members continue to support leadership when they are doing nothing to positively impact stock values? Realize they have responsibility to create and promote a positive work environment which... — read more 

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| 1540 views | | 3 replies (last January 23, 2021)
Post ID: @OP+191d8GS5

1200 north europe emea

adios amigos, come Thursday we will know the outcome of Lars' thinking,, is the belly fat getting trimmed or is it plant closures in Bangor and Atherstone....MMM.....pArDoN tHe PuN

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| 1300 views | | 1 reply (January 21, 2021)
Post ID: @OP+18Y6SwNv

PFAS again

3M cut to underperform at Bofa on higher PFAS risk in blue wave. - Jan 7, 2021 Share price gonna take a big hit

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| 992 views | | 1 reply (January 8, 2021)
Post ID: @OP+18NC0ucA

They're not earning their pay

They're not earning their pay Most regular employees would love to spend a month shadowing the executives to see what they really do. I have always wondered what type of decisions they have to make that rate million dollar plus compensation. Do... — read more 

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| 1770 views | | 6 replies (last December 22, 2020)
Post ID: @OP+18ukPLKt

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