Thread regarding 3M layoffs

Bringing thread Top - DoNot-Join - NewCo Healthcare

https://www.thelayoff.com/t/1mVncy7r

I noticed someone posted interesting chat in this Old thread “DoNot-Join - NewCo Healthcare” so brought this forward. See original here - Post ID: @5bzy+1mQNg42X

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It seems pretty obvious what has happened thus far:

Remainco told the HCBG "Pick the employees you want to take with you" Then when the time was up to send out the list the HCBG said "We want these employees" and then Remainco said "WHAT?!!! you need to take more! Take another week and choose some more before we send out the announcement".

Then, after that happened, Remainco told the HCBG "You need to take even more people" for whatever reason and this is why the "appointments" happened which we have been told are mostly not optional i.e. you may not have a job at 3M if you do not accept the appointment. This is a great way to force people to just quit and then not have to pay unemployment benefits, and it is working. People are giving up and finding jobs outside.

The appointments are basically being done because Remainco wants to get rid of more people instead of laying them off (and paying the unemployment benefits) and the HCBG has already passed on them twice, but are given no choice to not take them.

I still dont understand why anyone would want to take a job in Spinco - That list of the products that contain PFAS has a lot of them that are from the HCBG, so how does that make them immune to those lawsuits?

How many people would even interview for a job when the posting is:

Wanted: Employee for company. Company doesnt have a CEO. Company doesnt have a Name. Company doesnt have a location. The job has unknown benefits and unknown retirement package. The company has never operated without help from a parent entity. The company is planning on changing how it runs its business from how it has operated under the old parent company. And your role in the new company may not end up being needed.

So much uncertainty. Who thinks this is a good option? I'm sticking with the devil I know for now.

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| 3031 views | | 6 replies (last June 17, 2023) | Reply
Post ID: @OP+1n9MT0wP

6 replies (most recent on top)

This keeps getting revived, but at far as I can see, there's not any real reason whatsoever to think that SpinCo will be bad -- it's literally being created to put some separation between money-generating SpinCo and dying ParentCo.

So is the one who keeps reviving this someone in ParentCo HR who is afraid of the talent drain?

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Post ID: @1bdi+1n9MT0wP

Was a bad post the first time around. Thanks for reviving👍

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Post ID: @zie+1n9MT0wP

Huh. Remainco sounds way more enticing… built a new ship, please make sure to drop all the Old nails from old ship to new and make hole in the new ship.

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Post ID: @ono+1n9MT0wP

Hasn't this been reposted at least twice now? Some new content would be more helpful than the old "interesting chat".

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Post ID: @nqf+1n9MT0wP

Huh. Remainco sounds way more enticing than the sinking ship that is Parentco. Get away from earplug and PFAS b.s.

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Post ID: @ggm+1n9MT0wP

Original article found here
https://www.thelayoff.com/t/1mQNg42X#5bzy

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Post ID: @iki+1n9MT0wP

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