Whatever happens, upper management jobs are always safe.
Never seen a single person at that level affected going back 15 years. What is so sacrosanct about those positions. Their decisions have led to this company's demise, why are they not held accountable?
Nothing will happen
Keep blaming the environment.
Down 12% + 15%.
Down 10% YoY, reorganization to Division led. Parent co will be SIBG and CBG. TEBG dissolved and moved to SIBG. Majority of ECO moved to the GSC's. TEBG evp moves to CBG.
Analyst consensus for Q1 is revenue down 15.2% and EPS of $1.58.
Dear Mr. Redundant,
Agreed. America is the #1. So is the Mmm
American work, American business, and American dream have become temporary.
Sales and margins down 5 percent, slight mention of ear plugs and PFAS, mention of headcount reduction with no clear plan because there is none, excited for the future because of the spin off. yawn
Not good news.
Roman's resignation, his staff and specially him have been very quiet. This boat has been sailing without a captain in the past few months or even years.
We need a better CEO
Going out on a limb you down plus 20
You guys are forgetting the most important part of every Quarterly Earnings Call and Town hall Meeting… M&M will say that despite the economic setbacks, they are really EXCITED for the future. ba-f
Investors like 3M because of its dividend yield Either it meets expectations or not, it is only a little jolt to the stock value. would be interesting to see how long they can ride the dividend 1-trick pony.
Varys handle was either hijacked or he she started using…no way the company is down 15% yoy. Simply no way. The stock would tumble 20%!
I’m calling for blowout results and holding the line on yearly eps projections
It will be the exact same thing that they say at every earnings call. Despite the same things being repeated over and over and over, but there's still no plan or direction.
"It was a challenging quarter (like every quarter/year), we didn't do as well as last year, and we blame it on inflation, supply chains, the pandemic, war in Ukraine, interest rates, and recession fears. Btw we're going to eliminate 5000 positions, but you won't know if it's you or not and we will drag it out so you can all live with anxiety for the next 6 months wondering about your job. Moenesh, put a little color on it"
Rinse, and repeat for Q2 earnings call.
My wild guess entry into the betting pool: (Again wild guesses, not high quality predictions)
Negative 8 percent growth year over year Q1 at least 2 businesses twice that. They will announce a restructuring and cost cuts but will not announce the number of employment layoffs just as Medtronic has. Might announce plant closures internally buy don't think thst will be made public at Q1 call. Will give an update on litigation.
Just my guess, but I will say negative 3-6% growth YOY. Cash at one of the lowest levels ever and operating margin that is +5% worse than last year. Despite all of that terrible news Roman and Monish will announce a stock buy back of $750M and retain the current dividend. To delay their impending termination, they will announce another 2,500 job cuts.
Prediction........pain....