No executive bonuses if the main reason they make their numbers is by eliminating positions. Evaluate them based on what they actually did vs cutting cost. Anybody can run the numbers and balance a check book.
Leadership should get bonuses based on organic growth or at least a significant portion. For decades organic growth has been minimal/flat. When you have money you can do that and nobody knows any better.
3M does not have the cash to buy growth anymore, if they don’t figure out how to grow organically, sadly things with continue and annual cuts will continue.
The difference with cuts this time is it is just not a percent headcount reduction. They are having to cut entire programs/services as there is no way to balance the numbers. Too much cash bleeding on lawyers snd payout on case losses with much more to come.
The shame in this is leadership knew they were eliminating LSS for quite some time. More than a couple months. Guessing at least four. They continued to hire BBs and MBBs into these roles that they knew they were eliminating. Many of these people had good jobs and would NOT have been eliminated. Responsible leadership would have recognized the likelihood of this happening and frozen all new hires/replacements. They could have spun it as a positive message and not alarmed people. They did not. They recruited, advertised, persuaded people to to take jobs that would be eliminated. At least highly likely. These are the types of decisions that breathes either incompetence or a cold cold heart.
Posted by @Gjbu+1iQ2AWty.