We’re gonna layoff, layoff
That’s where the fun is
Layoff, layoff
12 replies (most recent on top)
WYW will most likely be scrapped. Most people will asked to come back Tuesday through Thursday in the office. Most Minnesota companies are already doing that Xcel, Target.
So sell the same cr-p for the next 20 years? That is what 3M has been doing. It's too late, real new products that change the world take 5+ years to develop, if the underlying technology was already developed by the corporate labs. It is too late, and I don't think the company will last 5 years, give than Bill Brown will be at the helm.
Yes, NPI is a concept that needs to be axed.
Don’t hold your breath on those NPI’s - those days are long gone!
Look for both MMM and SOLV to trade near $50/share
More cuts and treason in the USA, but still expecting government contracts and consumers to reward. Election year, and 3M will make enemies of both sides and continue their decline. People will continue to talk and 3M will be a corporate Bud Light. They will break it up to run from their damage and hide from what they built 3M into. Former employees will then speak out freely to media outlets and there will be congressional inquiries into its execs
On the third day of the third month of the spin-off, William McKnight and Lew Lehr rise from the ashes, fire the entire board and current senior executives, and guide 3M and Solventum to rich success.
Launching various class 4 and 5 NPI leading to breakthrough technologies for customers. 3M Science Applied To Life :-)
Difficulty understanding our new coworkers who live half way around the world.
More ridiculous safety initiatives that make zero sense.
Lots of new hires showing up in North America from India/ Mexico for a brief period in support/ management roles.
Company drives more plants to unionize.
Stock sinks to $60
Major financial losses and the executive board still gets wild bonuses for their “diversity” initiatives.
10% reduction from the remaining remain-co announced just in time for summer vacations.
In the fall, announcement by Big Bill that what's left of 3M will be spun off into individual companies. Maybe four 0.75Ms or five 0.6Ms. But no more 3M.
Before the spins, Kearney signs a deal with all of the pieces to provide support for 2-3 years, with minimum hours by contract.
Monish is shown the door by summer. Gibbons is offered a CEO job at one of the spins for his "courage" in cutting even more.
Next year, the spins announce another 10% cut to remove "stranded costs" and then the dividends at the spins are cut in half.
Employees are told (at the time of the spins) that all pension contributions will be halted in 2025.
Bill Brown is praised on Wall Street and Business outlets for "re-inventing" 3M.
Hard to believe what happened to a company that was once featured in "Built to Last"
Layoffs and more Kearney consultants.