Thread regarding 3M layoffs

I do not know how men entrusted with the lives and livelihoods of their sisters and brothers sleep at night while they flagrantly apply scorched earth decision-making to everything they do. I have not said it before, but I will now. These men are degenerates.

With this group in charge, the malfeasance will continue. There is a wanton disregard for the firm as a whole and the employees in particular.

Fix one leak and the ship springs another. Is there enough duct tape and bailing wire to hold it together?

Stay tuned for Q4.

GE financial was nothing more than an unregulated bank.
Jack Welch should have been put in jail.

The GE style of management by fear and use of a "playbook" has been a consistent loser this century. Jack Welch got away with his "legend" status because of GE financial in the 1990s. Nothing but job cuts, earnings disappointments, and more PowerPoint jibberish.

Unfortunately the activist shareholder who MIGHT bring needed change is scared off by the ear plugs and pfas lawsuits. We are stuck in this vortex, swirling down the toilet into the septic field for years to come.

My 401k is bad enough but the GESPP is what is really depressing. I can pay 50 dollars more per share to exercise options.

An engineer would have been fired for this performance years ago.

The board and management use all the flashy activities to show a) they are doing something GE Ex-imports, Consultants and A3M and acquisitions, layoffs , Org realignments, rule by constant fear And then when nothing works use all the crutches available b) COVID, Earplugs , PFAS , never ending SAP deployments, … and saga goes on.

Main thing Core is commoditised and relationships with customers are lost..

Without a clear vision , the leadership has lost all confidence of the employees and the market. For sure not a share to invest in. It’s not aligned to my values for sure..

Somehow there is zero accountability at the highest levels of leadership. It’s like we’re watching it all go down in flames in slow motion and nobody cares to do anything about it. No action by the board of directors or an activist investor. The entire board and top management need to go. If they were running a business within this company they would have been booted years ago with these results and all the misguided moves that led to them.