Did anybody realize last week's layoffs were coming? For me, it completely came out of the blue. Now I'm even more nervous that it can happen any day without warning, and it's not helping my mental health at all.
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Finally a voice of truth am not some sad troll posting on here.
As I have said, MASS layoffs are not happening. The company is doing well. Unlike under Roman, 3M is growing once again. In fact, DEP is hiring in a few areas. This is why I said "hoax". This fear mongering amongst the few posters is vile. Moral is improving. Mass layoffs are not necessary to improve company financials, but minor job eliminations due to strategic changes is just a fact of life in any big corporations. Surely readers/posters on this board is not advocating that 3M never change/evolve?? Wake up!! The vast majority of 3Mers are happy working at mother mining. And for the few here who do not, life is too short to be miserable. Go find a position internally (or externally) that makes you happy.
@xn What happened to your wife? There's basically no concrete details on anything in this thread. Would be good to get some real info.
I agree I think all or most all of the post on here are a hoax done by the same few disgruntled employees that would complain about anything because the are just sad lonely people that nothing could make them happy.
@xd no one gives a darn about stock price if you don't have a job
@wr I'm recalling when they announced BB, they said that at his former company he replaced all senior employees with newly graduated folks, and that's exactly what he's doing now.... it isn't a hoax. It's happening right now!!! This new "interim" tireman is a consultant!! He doesn't have the 3M background!! He's only seeing numbers and reducing costs.
@xk tireman may have been the worst thing to ever happen to 3M. Hired from being a manager of baristas at Starbucks.
Came in. Hired Dom and team to obliterate jobs. Workplace fatalities soared. Agreedly complained that money and safety improvements were not the answer (they were). Then his townhalls complaining about Dom being dragged thru the mud.
Good riddance to all.
@wr cool - I’ll left my wife know it’s a hoax. Maybe her badge will work on January 5th. Pffoff.
@wr what are you even talking about. This is not a hoax. People may post conflicting info as the way this plays out does vary by function. Run home to Tireman - he has a scotch ready for you.
@x3 it's even worse at Solventum. BB has a shortsighted plan alright but the stock has doubled under him. Wall Street MBAs won't be rushing for the exits just yet. Somehow they think BB will pull a few rabbits out of the hat and spin off SIBG. I doubt it. But the an-l-lysts on WS are easily fooled.
Sadly Solventum was saddled with massive debt and they are doing even deeper and more devastating cuts. The CEO makes 40 million bucks but is mostly clueless. No strategy other than hiring his buddies from other HC companies.
But people should sell their shares if GESPP is even close to breakeven
If Wall Street looked at WHAT was cut as opposed to just headcount, they’d be screaming for profit taking now!
@wr check out how many people are visiting food banks in Maplewood and Woodbury. That will tell you this is no hoax or fake news.
This is clearly a hoax! There is no mass layoffs at 3M. Reason I know is that people are posting conflicting information; i.e. posters do not have the facts correct. Even in the depths of the layoffs during Roman's last couple of years, layoffs were not broadly communicated ... unless you happen to be director level or above. Show the proof if this post is legit. Click bait! Hoax!!!
Based on latest cuts it looks to be a definite stock price bubble and perfect time to sell.
@t5 I heard that several people were informed that they will be cut off in 2026.
got the message that i am going in 2026, but nothing mentioned about severance, anyone know exactly what it is, my manager says wait but I need to plan
Can someone summarise what is the impact to engineering team structure changes? Higgs sent out such a long email.
Were all going to be unemployed due to ai soon so just enjoy it while you can!
Such a sh1tty company. Keeps laying off its people even when stock prices are in recent years high
They COULD afford to pay you what you're worth, they just don't want to. That money went somewhere else and we can guess where.
@jt I think “job elimination” is just lip service. No more than a month after my position was supposedly “eliminated”, 3M was on LinkedIn trying to recruit replacements. The truth was they could no longer afford to pay me what I was worth, likely due to all their liabilities from years of poor management decisions. Of course, those replacements they were seeking would not have the Portfolio I expenses, nor would they have the same skills, knowledge, or experience. I actually feel sorry for them — not 3M, but the replacements that think the company (and their careers) are actually going somewhere. As for me, I now have a much better job with an ethical company and when anyone asks me how long I worked for 3M, my answer is always simply, “Too long.”
@gv true for all separations except JE. The US job elimination severance plan states:
“If you participate in the annual incentive plan and your termination of employment is not retirement you will be eligible for a prorated annual incentive plan payment for the year of your termination of employment but only if you become a plan participant by signing the release”…
That is releasing your right to sue for your severance.
Is terminated really laid off? No wonder they do layoffs on the holidays. Gets them out of aip
I know of a colleague who is now 60yo and hoping for retrenchment package for past few years
@gn
There is a document titled "Understanding Your Annual Incentive Plan" which states:
"In the U.S., here are the effects of employment status changes on Annual Incentive Plan (AIP) participation:
Retire:
Prorated based on time active in the plan
Resign or terminate during the annual performance period:
Canceled/forfeited, except in certain limited circumstances.
Resign or terminate after the annual performance period but before payment:
No reduction in incentive based on time active in the plan
Death:
Prorated based on time active in the plan."
Note that the annual performance period is Jan 1 to Dec. 31. So if an employee is not an active employee on Dec. 31 and is not retirement eligible, they won't receive an AIP payment.
@gn
AIP: Employees who are retirement eligible will receive a prorated AIP payment next March. Employees who are not retirement eligible and are not active employees on December 31 will not receive an AIP payment.
How is aip treated with layoffs?
@fz yeah about 20 years ago in EEBG there was an era of 2 weeks per year of service. There were several rounds like that for sure.
In the US I can always remember the 26 week max. Anybody know anything differently?
@f5
Maybe it was different in a mfg facility, but in St. Paul, it shifted to 1 week/yr several years ago (with the 26 wk max). It USED to be 1.5 weeks/yr before that. Maybe even 2 wk/yr in the distant past.
@f6 Part of the post covid layoff "team" (2021) and, yes, things were much better than this round. Got 2 weeks per year, ended up with about 70 weeks of pay plus a pro-rated bonus.
Clearly, with the elimination of LTIs for some (no thanks Mikey and Moni) and now the measly buyouts (I would have gotten 26 weeks until the BB Plan, barely a third of what I did receive). Not even sure if people will get a portion of the bonus they would have earned.
BB seems to be using psyops tactics. Keep ratcheting up the mental torture until the hapless employee is traumatized and exits without a severance. There is only one way to fight back - quiet quitting to the third power. Your boss won't like it as BB's henchmen will harangue your boss about not "delivering the metrics" but that's too bad.
So BB, enjoy your usual Friday Work From Yacht (WFY) day. You will not be fondly remembered by 10s of thousands of employees and their families. Minnesota Nasty!
@ej no 1.5 weeks or 2 weeks or anything of the kind. 1 week maximum up to 6 months pay. I remember the days people were walking away after all said and done with a year of pay. No more.
During BT/SAPlayoff time it was 3 weeks for every year service, capped at 24 months.
This company has truly become such stingy
No 1.5 weeks pay for those here 10 years or longer?
@eb a few years ago, severance was two weeks pay for every one year of service.
What a glorious time to be working for Mother Mining!
@eb
Unless you are retirement eligible, options expire after 90 days. RSUs - lose the unvested portion
Vacation - pays out
Lose system access after 10 days
Terminated - 45 days
Severance package is: 1 week of pay per year of service with 4 weeks minimum and 26 weeks maximum. I am not sure how long they have until last day. I am not sure about vacation balances but usually those are also paid out. If a person were to have LTIP for 2026 and 2027 that has not been paid out yet, those will still be awarded when those times come.
@b1 where?
I work in the supply chain, and I’ve noticed several colleagues affected this week, but I haven’t had the chance to ask them about their severance package. Could anyone who has been impacted share their details here?
@bx the shovel is to cover up the Bu11sh1t…