Yes, they do it on their own timing with every layoff. In 2019, they announced 2,000 in April and notified employee at the center in July, a full three months after the announcement and just days before the next earnings call so MR could say we have executed on our playbook. Any comments about respect for employees, or even the trite “customer first” are a joke. It’s all about quarter to quarter, stock price, and self preservation for the CEO. Nothing else really matters today at 3M but the short-term because there is no winning strategy.
A great comment by @pfp+1ljtIoNH. More people need to read this.