This is a master thread about 3M Layoffs 2020? Any news or rumors?
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So layoff announcements went out this week. Many people will be hitting the road pretty soon.
Here is the message that technical folks got in summary :
Thanks to your 20 + years of service and loyalty to 3M, now here is the door out. Your service and expertise is no longer required.
Now many technical folks , many above a certain age, will have to find a new job and career in the middle of a global pandemic.
Meanwhile the company made $ 1.2 Billion profit last quarter. Clearly wasn't enough to retain experienced technical folks, who work in the lab on a daily basis, making the technical breakthroughs that allows new products to be introducedin the market...surely they had to go. Completely understandable!
Meanwhile upper management congratulated themselves on a job well done and had a good time at the 3M open golf tournament last week, while spending millions of $$$ on company's dime.
After all Q2 result wasn't that bad. Only minus 13 % organic growth achieved versus minus 10 % expected. Yay......let's celebrate.
When did growth become a negative no. in 3M ????.
Meanwhile there is growing concern inside the company about retention of newer employees. Younger technical employees leaving the company in record nos. Why stay in a company , with shrinking revenues, profits and benefits, that places little value on a technical employees career ???
Is this rumor true: 3M will not meet their Q2 goals. 3M will lay off 5,000 people in phases starting Aug. 1?
https://www.cnn.com/2020/01/28/investing/3m-layoffs-earnings/index.html
Mike Dolezal is a joke and should be removed from any leadership position. You have a lab manager running a software division - clueless at best. You can't swap out a manufacturing manager into a software manager - different skill and mindsets - different culture and norms. 3M s—s balls.
40 people laid off at Loughborough derby Road site this quarter.
Q4 , 2018 results will be declared in a few weeks. It will be another beauty for sure ! Educated guess is that new year surprises and additional good news about employees will be announced
900 people will leave in 2020 as part of this divestment
Will surely happen. Just a matter of time
rumor layoffs at 3M Methuen plant
not surprising now that they just complete a big acquisition. sure to layoff some.