The ceo is likely on his was to the exit. Cfo is going to be around at least another year or more. The board trusts him a lot more than mike
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So if I'm understanding all the posts, there seems to be a vote of "no confidence" in the CEO and CFO.
hope to get out of the sinking boat the soonest. been looking for new opportunities for some days already but still no luck. sad to see the company once I thought the best place to be became a nightmare. wish me luck guys.
Sounds like a quiet day. Good luck to those who got broomed out, but the rest of us have to carry the workload for same pay. Not hearing of any more layoffs around here.
No business can cut its way to prosperity. There are no problems that more sales will not solve.
Moreover, the amount of 3M exposure (debt, PFAS, 230K earplug lawsuits, economy, et al), make this a particularly perilous time. No company is immune from failure or bankruptcy.
Keep that resume sharpened, job searches active, and move on if the opportunity presents itself.
Hope is not a tactic.
Don't worry,this is the only thing this CEO is good at.it is in his Long term strategy.
It's very sad that what they can do is to cut jobs, close plants, and blame the economy .
Q1 2023, stock hit 90
Nothing changed
I'm hearing most of the cuts already happened. At least in maplewood. If you survived this round, next spring is your next chance to be packaged out.
ANZ SIBG reported zero cuts due to attrition/ head freeze, underlying consensus is bs as that local mgt are told to placate staff to allay concerns, and have no idea on what’s happening next. Based on other subs, and reported head losses, it is pure fantasy to believe the diatribe that is being told in local town hall meetings. When all things are said and done and the dust has settled on the demise of what was a great company, it won’t be those in the ivory tower that will bear the scars of their incompetence.
Soon.