Hello - I am an engineer, working in another state for another company. I have an offer from Honeywell, but I am afraid about one key aspect only...
Is their enough (reasonable) job security at 3M? Is it reasonable to assume that I can easily stay (if I want to) for at least 7-10 years with being afraid of being laid off on a quarter by quarter bases?
in summary, all I care about is a job that is secured for most people (at least engineers).
What do you all think?
Thanks to everyone for sharing your thoughts. THANK YOU SO MUCH for taking the time to share your feedback on a matter and decision that is SO MUCH important to me and my family and kids.
I appreciate everyone of you. In the end, I am really sad that a company like 3M is becoming like that. A few years ago, it was truly my DREAM to work for 3M. It's sad the management and others caused such great company to look a little risky for passionate engineers and others as in my case......
Thanks again... I guess I will stay where I am for a more secured job as this is all what matters given all what's going on in the works, especially with kids....
This is for the OP.
You can figure it out yourself. Just look at all the posts in the last two years ,and compare with other manufacturing and chemical companies, and decide for yourself.
Zero organic growth for many years, stagnant share price, yearly layoffs ( 4th year in a row now), numerous superficial reorganizations, PFAS and ear plug litigations, very high attrition rates esp. among folks who joined in the last 6,7 years or so, and demoralized workforce who have little faith in top management.
It really depends on the role/division. I would also say personal performance can do a lot to protect you as well but of course not everything.
Your job security is your skill set. Unless there is a wide market crash like in that in 2008, you will always find a job if your skills are in demand. A job that you makes you dull and irrelevant in a couple of years will also make you the most insecure person soon. You will then be checking lay-off websites and discussing rumors about layoffs with your colleagues instead of simply switching the companies.
Honeywell or 3M, pick the one which offers you improve or develop newer and more relevant skills. If both are similar, then pick the one which pays you more. More money is always better than less money. When comparing the salary, consider health insurance premiums, 401K match and other benefits and then see who pays you more.
Your job in both companies will be secure for at least 1 year after hiring. Rest, no body knows for sure, at least at 3M.
I don’t think any division is “safe” … at any specific company ever . I
Think the best way to see where a company is putting its money is to look at where they are hiring . If the health IT side is hiring in huge numbers then they are investing in that side of the business and for the next 2-3 years it is safer then other potential divisions . But one should consider jumping every 2-3 years anyway to get proper compensation.
Research is getting culled. Simple numbers game. There’s a lot of people there. Application engineers included.
Replying to: @rjw+1eE9wZoq
No broad technical group is entirely safe at 3M. Plant (i.e. factory) engineers, division (i.e. capital) engineering, and research labs (i.e. product development) have all been impacted by layoffs recently. I would place the research labs as the least safe. Division engineering would be my guess at the safest place for 7-10 years starting today, but not entirely immune.
are these layoffs impacting the engineering/research departments also, or is it more focused on technicians/manufacturing workers? Am more interested in the situation for engineers and researchers.
3M has had multiple rounds of layoffs over the past few years and I doubt that is going to change any time soon. It's a company in the midst of an attempted turnaround.
Responding to Post ID: @yia+1eE9wZoq
But, Honeywell folks are extremely not happy based on feedback on their forum. Seems like almost EVERYONE voted against the idea of joining Honeywell so am wondering as to why you'd recommend I go Honeywell instead of 3M?
Suggest join Honeywell.
Ex mmm here.
Can you give some examples of secured vs unsecured divisions?
The prior answer is right, it heavily depends where in 3M you are. Nobody is fully safe, but some divisions/groups are safer than others.
Given recent 3M history, you could go 40 years at 3m, or you could go only 1 and get laid off through no fault of your own. I've personally seen both happen in the recent past.
That depends on the division of 3M .