Hi I’m graduating in Dec and have an offer to come to 3M. Wondering if I should still come, or look elsewhere? Seems there are a lot of issues.
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Turn it down. Things are worse by the day.
No.
There has been numerous layoffs in recent months, leaving current and affected employees clamouring for the limited positions still available. You are actually better off not getting the offer imho.
Multiple rounds of interviews. Near the end of the process, I was told by the hiring manager in an interview that there was an internal candidate. At that point, I pretty much knew my chances were shot...as I was also told that it would take me "years" to learn 3M, which seems a bit excessive. I've worked for major companies before and know there is a learning curve...but not a year! Overall, everyone was very nice, but I wish I would have known there was a preferred candidate from the beginning. Perhaps I checked a demographic requirement for their interview process, despite being well qualified for the role.
Moved to Aberdeen to work on machines. I told them the only way it was going to work would be if I can get 2 consecutive days in a row off so I can travel back home to see family. Was told no problem. Once there had to work 28 days in a row with 1 day off. Management only cares about themselves. Was lied to repeatedly. And told if you didn’t show up they would fire me. So I quit.
It is an incontrovertible fact that businesses must change or die. There are ups and downs with everything and there are no perfect companies.
The measure of a man is how he responds to adversity, setbacks, and the tyranny of day-to-day operations. I submit to you that Mike Roman is not the right man for the changing winds of American business and he should step aside. As we are witnessing in China, at Amazon, with American railroad workers, at Starbucks, Twitter, and others, employees are no longer tolerating running companies by fiat. Low pay, substandard conditions, and shrinking benefits will drive the best folks away.
Tolerance of ineptitude by management is not happening in the post~pandemic world. New leadership AND CHANGE are absolutely essential to the survival of 3M Company.
It is a new world era and the days of employees playing “step and fetch” are over!
Below is an annual November snapshot of 3M Company closing stock prices since Mike Roman was installed as Chairman of the Board and Chief Executive Officer:
November 26, 2018: 207.92
November 25, 2019: 169.77
November 27, 2020: 176.89
November 26, 2021: 175.52
November 25, 2022: 129.04*
- = 37.9377% decrease
Is this the team you want to be a part of? 🤔
“The real things haven't changed. It is still best to be honest and truthful; to make the most of what we have; to be happy with simple pleasures; and have courage when things go wrong.” By Laura Ingalls Wilder
Consistent with the aforementioned statement, the honest answer is to stay away from 3M Company including all subsidiary’s now and in the foreseeable future. While the incessant annual job shedding is not unique to 3M, their overall business practices, ethical lapses, and lackadaisical responses to consumer concerns are cause for reevaluation and suspension of investments.
In a nutshell, steer clear of deeply flawed institutions … public or private.
I agree.
This nonsense has gone on long enough.
The abhorrent actions of Roman and Patolawala go way beyond 3M.
Veterans were provided with faulty 3M branded earplugs, communities had their water poisoned, and shareholder’s were duped into investing more money while no sound business plan exists.
It is time for Roman and Patolawala to depart.
Roman and Patolawala continue unabated in their combined effort to decimate, demoralize, and defraud the employees of 3M Company. The 3M board of directors are feckless and incompetent.
Today’s college graduates are fully aware of the shenanigans Roman and Patolawala are involved in. Their level of criminality and outright disdain for 3M employees, is virtually unparalleled in American history.
Given the latest news from management and the ongoing job eliminations, 3M is not the place to begin a career, but from the high number of layoffs, it definitely is the place to end a career. I am ashamed of this mess.
“A good leader takes a little more than his share of the blame, a little less than his share of the credit.” — Arnold Glasow
Do not be fooled by the fugacious bump in the 3M stock price ($132.98):
- PFAS settlements continue; new lawsuits received this week.
- Earplug settlement talks are ongoing; however, trials will resume in early 2023 if no agreement is reached. The lawsuits are NOT a class action, thus each litigant will have to decide which route to take. In any event the $1 billion put up by 3M is “grossly insufficient” to settle over 253,000 cases.
- A large sell-off from significant shareholders within the 3M hierarchy is expected in January 2023.
- Consumer demand for 3M products is at a historical low.
- More layoffs are in progress.
- Roman and his consigliere Patolawala have virtually zero street credibility.
Bottom line: Denials, happy talk, chair shuffling, part of our plan statements, new carpet and fresh paint will NOT disguise the ongoing failures by 3M senior “management.”
96% of employees at Cisco say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Is 3M a typical U.S.-based company?
Fortune and our partner Great Place to Work have been publishing the Best Companies list for 25 years—none more fraught than the past two. While COVID-19 has forever changed the way we work, the best businesses are stepping up to support their employees as they navigate uncharted waters. Read on to see what helps a company stand out. (Hint: Flexibility, diversity, and a few extra paid days off go a long way.)
Top 10
1 Cisco Systems
2 Hilton Worldwide Holdings
3 Wegmans Food Markets
4 Salesforce
5 Nvidia
6 Accenture
7 Rocket Companies
8 American Express
9 David Weekley Homes
10 Capital One Financial
https://fortune.com/best-companies/2022/
Top 100 companies hiring students on Handshake right now
https://joinhandshake.com/blog/students/hiring-on-handshake-500/
The spin-off (sell-off is a more accurate description) and lawsuits are both self inflicted wounds. The outcomes could be different if Fred and Barney (Roman and Patolawala) were terminated.
Recession remains the wildcard.
Senior executive pay should be permanently reduced by 15 percent, effective 12/1/2022.
No senior executive bonuses in 2023.
Limit hiring to sales and manufacturing.
Starting points only…
To whomever suggested a no layoff policy... another round is coming due to 2023 headwinds which include the spinoff, recession, and legal issues. My guess is they pull the trigger right before Christmas or early January 2023. SVPs are having to cut hundreds of millions from the 2023 budget.
“Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” ~ Ferris Bueller
While you are looking around, don’t look at 3M.
A great job is more than the salary in an offer letter. When deciding on whether to accept a new job offer you need to have a checklist. Make sure you get all your questions asked before accepting a job offer and don’t be shy about it.
Is the company stable with a good reputation?
What is the company culture like?
What does the benefits package look like?
Am I comfortable with the pay offered?
Does the company have a bonus plan?
Does the position offer room for advancement?
Is the commute to and from work ok?
Am I excited about the position?
How long do I have to accept the position?
What is my expected start date for the position?
What does my daily job responsibilities entail?
How is success in this role measured?
How does the onboarding process work?
What will my weekly schedule be?
Who will I report to on a daily basis?
Presently there are 10 million job openings in the U.S.
The U.S. unemployment rate is 3.5 percent and there are 5.8 million unemployed.
For the fifth consecutive year, 3M is laying off people left and right.
The 3M CEO is not favorably regarded by the rank and file.
Billions are at stake with lawsuits from all over the world.
3M is NOT the place to work. ☠️☠️☠️🦨
No matter what you do in life come back to the following over and over. If you do, no matter what you face, you will never do it alone:
He said to him, “You shall love the Lord, your God, with all your heart, with all your soul, and with all your mind. This is the greatest and the first commandment. The second is like it: You shall love your neighbor as yourself. The whole law and the prophets depend on these two commandments.”
Consider all of your options. It depends on how your strengths and interests fit with each job. I spent 26 years with 3M and was separated. I earned pension and 5 weeks of annual vacation. Those days are gone, but I'd do it again at 3M or an outfit like it. Whether you work for 3M or anyone else, what matters is if you learn skills, find meaning and keep passion for the job during the ups and downs. If you wind up with 3M for 35 years or 2 years, there's nothing to lose. You may have done better elsewhere - or not.
Another typical lie is in the form of a declarative statement: “Trust me; you will be rewarded for your efforts in due time.” Really? When? Why not now, and under what circumstances? Whenever a statement opens with the words “trust me” or “honestly” alarm bells should go off in your head. If the person saying these things were trustworthy or honest, they wouldn’t need to preface their statement by saying so. Their actions would portray that honesty and trustworthiness.
With the departure of two senior leaders in MSD, resignations among sales staff will ratchet up once again as the talent drain continues. Will whomever is left be enough to launch and sustain the so-called “spin off?”
The wrong ones are leaving folks. Sad.
American workers are fed up and who could blame them? CEOs around the country are destroying the very fabric of society by abusing employees left and right. We need more transparency and we need fewer multi millionaires running corporations. We need common sense and decency. Both are in short supply.
I hear the labor shortage in the US will become super critical in 2023. I wonder how many offers 3M will extend to people they ditched in the last five years.
Whatever you do, do not come to work here. We are imploding.
3M is in the middle of several litigation firestorms with partial resolution anticipated by year-end 2023. Best option in the near term is to avoid 3M and get a lay of the land again in 2025. Cheers.
I could not in good conscience seriously suggest to any college graduate, that they consider 3M as a starting point for their career. Unethical activities perpetrated by the Board of Directors, coupled with cataclysmic headwinds in the form of lawsuits from every direction, would make taking a position at 3M tantamount to stepping in horse manure.
“Personal accountability,” Warren writes, “is the only way to ensure that executives at corporations will think twice before ignoring the law. It’s time to stop making excuses and start making real change. . . . It’s not equal justice when a kid with an ounce of pot can get thrown in jail while a wealthy executive can walk away with a bonus after his company cheats millions of people.” 🗝
The following career advice is what I believe to be the top eight things recent college graduates should know before joining the workforce. I am sure there are additional tips you can bring into the workforce but these are a great start to ensure you begin on the right foot.
- Get Better At Time Management
- Do More, Talk Less
- Be Present
- Give Your Work A Routine
- Be Nice
- Compete With Yourself
- Create, Don't Just Discover
- Realize There Is Fun In Learning
Best of luck to you!
Senior executive misconduct is often a company’s most significant risk. Consider that a single senior executive can engage in serious misconduct that can place the entire company at risk. The litany of corporate scandals we have witnessed – financial accounting, stock option back-dating, health care fraud schemes, and many, many more, all underscore the significant risks that a company faces with C-Suite misconduct. The 3M C-Suite is a disgrace.
It’s almost impossible to measure psychopathy in the workplace. However, studies have shown that more individuals with psychopathy reside in leadership, especially in C-level positions.
Good night, good night until we meet again
Adios, au revoir, auf wiedersehen 'til then
And though it's always sweet sorrow to part
You know you'll always remain in my heart
Good night, sleep tight and pleasant dreams to you
Here's a wish and a prayer that every dream comes true
And now 'til we meet again
Adios, au revoir, auf wiedersehen
Good Night!
Good night, sleep tight and pleasant dreams to you
Here's a wish and a prayer that every dream comes true
And now 'til we meet again
Adios, au revoir, auf wiedersehen
Good Night!
Bad affiliations last a lifetime.
People will work hard even for less pay if they believe that the leadership has their best interest in mind. That cannot be said of 3M at this time. You have to look out for yourself and working anywhere is always a risk as there are no guarantees. Essentially every job is a temp job and you will make many changes throughout your life. The one thing though you should never compromise on and that is a leader or team of leaders who are dishonest and self-serving. Why work for jackals?
3M definitely holds allure, but I would urge you to listen to the remarks above. The market has grown hot while 3M has remained unchanged. They used to offer top salaries and benefits, but other businesses and companies have caught up. It isn't "THE" place to land anymore.