#layoffrumor

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Hayes IAM All Employee Meeting on 16-Sept

3hr end-of-day call for his entire org plus the legal AVP and HR Principal that are usually "optional" invitees. There's already a 1hr Town Hall on 26-Aug, and three weeks notice for the invitation seems like an awfully long warning for a "you're all fired" meeting. Anybody have any real information?


Layoffs are coming

I’m hearing that major cuts may be coming in the next couple of weeks, and it looks like VPs are being asked to provide numbers from each team. Please be cautious and consider exploring other opportunities as a backup. Unfortunately, these could be especially challenging times for anyone who has recently been on a PIP.


Is the L3Harris scandal about to hit 3M and Bill Brown?

Some interesting chatter is coming out of Florida this week.

Word on the street is that the independent investigation into ousted L3Harris CEO Chris Kubasik isn’t just looking at his recent behavior. Apparently, investigators are digging into old HR complaints from 2021-2022 to see who else knew what was going on.

As most of you know, 3M CEO Bill Brown was the Chairman of L3Harris back then and engineered the merger with Kubasik. The rumor going around internal circles is that some senior executives are worried paper trails or emails might surface showing that Brown was warned about Kubasik's conduct years ago.

Read here in the Wall Street Journal: https://www.wsj.com/business/women-at-l3harris-shared-concerns-about-ceos-behavior-years-before-ouster-966010ab

Not good for 3M if true. I hope it's not true.


Are fall layoffs coming?

Are there any rumors of fall layoffs after open enrollment? I'm not hearing the usual chatter but it seems to be a yearly event. It also seems to have been unusually long since the round. My mgr asked about my general flight risk in a meeting stating they were assessing the group plans. Is that a normal conversation? Our group is definitely not hiring. If anything it's shifting to more offshore.


Why do some people shut the door behind them?

At this point we all know several people who've been laid off. Some will tell you where they went and why, however others won't say who hired them. Its not like they're at risk of me stealing their newly acquired job, the only reason I can think of is they don't want a bunch of WF people to get wind of and go to their new company. Just seems crazy in this market to close the door behind you when you were in the same boat as others not too long ago.


Q3 action?

The stock hasn't been able to gain (or hold onto) much ground and the close of Q3 looms. Anyone hearing about more RIFs coming? Do we have dates?

I know we're always on alert and no day is safe, but I'm talking about confirmed plans beyond just the feeling of another shoe always about to drop.