Thread regarding 3M layoffs

BB, More Layoffs, Employee Morale

A few days ago, this post about BB, layoffs, morale, etc. was added to a very old post. Very relevant to today's 3M. History is repeating itself.
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I worked at L3H and knew people with longer tenure (25+ years) who loved it there until this absolute black hole of a CEO came along. Just read he came out of retirement to bone thousands more people to pad his own, unearned, overfull wallet and that of sHaReHoLdErS and you have my deepest condolences.

Look forward to unethical business practice akin to Boeing, steep and quick reduction in worker benefits, and of course, loss in promotions and a marked decrease in annual pay raises. It'll be a game of how much less spending power you have this year vs the last.

Please get out of there if you can, crossing my fingers for everyone at 3M. Shameful corporate leadership, morals and priorities from people like him, to his benefit and and your expense.

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| 2492 views | | 4 replies (last February 4, 2025) | Reply
Post ID: @OP+1jk14rzze

4 replies (most recent on top)

3M share price is climbing back to 4 year high. I am sure it's employees must be super excited... how can morale be low?

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Post ID: @qs+1jk14rzze

If you're looking for frugality, there's a bunch of upper management salaries that can be reduced or eliminated.

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Post ID: @f1+1jk14rzze

3M's new strategy can be concisely expressed as: repurpose, repair, reuse.

It's the new 3M executive challenge to prepare us for the coming economic Depression.
Frugality is a worthy practice, and it pays handsomely in the long run as well as in the immediate present.

Likewise, 3M has started to see the fruits of leveraging Kearney's strategy of complexity as a competitive advantage.

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Post ID: @ec+1jk14rzze

BBs report card.

Cut out LTI for JG 15 and 16 (or was it 14 and 15?

Neuter Everyday Wins to be e cards only unless approval by Tireman

Ki-l off WFH.

What's left? More layoffs of course!

Wall Streets grade = A+

Employee Morale = as happy as being in the back of a packed elevator when someone cuts a juicy SBD and you have 3 more stops until you reach your floor

Did I miss anything?

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Post ID: @b0+1jk14rzze

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