Discipline on FTE? If global headcount doesn’t go down by the same rate as cuts, it means they are rehiring elsewhere (cheaper) for SG&A cuts. This means good people that know stuff, do things, and are close to the products and customers have their lives changed for a metric to help keep ‘leadership’ in their roles. Real FTE discipline is targeting those who don’t add value to a product, process, customer, etc. 3M does not target to that level, and they get what they pay for. Replace knowledge and skill with cheap and the company loses its ability to analyze and execute (see the last 5-10 years for examples. As usual, 3M will simply cut the productive and ensure further decline and future cuts. Leadership is (perhaps intentionally) cutting 3M out of existence.
This pretty much sums it up. Just read it on another thread ( @1btr+1riLLk4h ) , putting it up for visibility.