Thread regarding 3M layoffs

Can’t cut the fat

3M total number of employees in 2021 was 95,000, a 0.01% increase from 2020.
3M total number of employees in 2020 was 94,987, a 1.22% decline from 2019.
3M total number of employees in 2019 was 96,163, a 2.83% increase from 2018.

The most recent layoff announcement says 3M employs nearly 100,000 people. How is a company that consistently sheds jobs constantly ballooning back up to 100,000 employees?

3M is like a yo-yo dieter. They purge, then binge again. Maybe instead of pursuing the latest fad diets, they should get back to the fundamentals of a healthy lifestyle- starting with cutting the excess executive fat that can’t even successfully reduce head count so most certainly can’t figure out how to grow 3M’s business.

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| 1851 views | | 7 replies (last January 27, 2023) | Reply
Post ID: @OP+1kSsIGfh

7 replies (most recent on top)

They can’t cut the dead weight either. “Managers” who were handed (literally) double bumps after finishing a college degree at age 50. Spent their days doing school work and were given average expectation ratings while doing ZERO actual work. They had no business being handed leadership positions.

Why are these managers with 3-4 reports below them still holding down jobs? Their only job is to walk around to all 3 and “socialize” which does not equate to communication.

What happened to the place I loved to be at? Now, I literally can’t stand the fake two-faced, spineless and non-working egotistical leadership. RIP 3M.

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Post ID: @1dra+1kSsIGfh

It's not a matter of the number of people, its where the people are hired and the cost per headcount. I get it, there should be less people in order to streamline, but they're looking in the wrong places. But 200 people in US vs 200 people is CR is a much different overhead cost.

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Post ID: @qep+1kSsIGfh

The point is after 4 years of cutting—-shouldn’t they be at a point where they round DOWN to 90,000 - and not be closer to 100,000? People’s jobs are constantly being cut and you’d think those left might be “safer” for the sacrifice- but they aren’t. They don’t reprioritize or restructure in any meaningful way to get by with fewer employees. They just bring in more inexperienced people then have to eliminate their experienced once employees again.

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Post ID: @wob+1kSsIGfh

9X,X-X is 'nearly 100,000', so don't get hung up on semantics. They rounded for the press releases.

Practically, if 3M were actually growing as a company, we should expect that headcount to climb. That growth should be ideally around:

Organic Growth% - inflation% + acquisitions - divestitures.

There is definitely fat to be cut, not only in the executive conference, but support functions that provide little/no value. I think many of us can provide examples of excessive 'support' staffing, and not just at the management ranks.

There is also hiring that needs to happen. 3M needs a functioning sales organization ASAP, that means feet on the street, a few thousand of them globally. The idea that a 'distributor push' will move the company is either a lie or delusion.

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Post ID: @igo+1kSsIGfh

3M keeps hiring GE rejects for one. And now bringing on Starbucks people. Plus, there is rampant cronyism in this company, especially in Maplewood. How many family and friends get hired in because they have a relative at JG15 and up?

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Post ID: @tde+1kSsIGfh

Plenty of fat at the executive conference. Both literally and figuratively.

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Post ID: @hky+1kSsIGfh

3M needs Nutrisystem(tm)

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Post ID: @nox+1kSsIGfh

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