If 3M keeps going the way it's headed, it's basically going to shrink down to just a skeleton of its former self. We will come to a point where it can't even function properly and then it will collapse and drag down whoever is left along with it. If you're wise, you'll have packed your bags and moved on long before that sh-t hits the fan.
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Frankly this company is a great collection of reporters. Especially regional. Collecting data and presenting as if it is their own work
This is now a horrible place to work. Management are all snakes. The clinical specialist manager in MSD might be the biggest one. She a real piece of work. Do not trust anyone at this company. We have been burned too many times. 3M needs to go away.
Looks and feels like a sinking ship for sure. Corp layoffs too.
There is nothing I would call 'leadership' at 3M. Leadership is about defining where we are going and then generating the ability to get there. Ask yourself - is anyone at 3M capable of describing where the company will or needs to be in say 5 years time? So I think we can all describe the issues. The legal liability is becoming resolved and we can now bracket what the operating impact of that will be. The biggest issue is the lack of sustainable competitive advantage that will limit the ability to sustain the margins that are needed to keep the stock price and dividends where they are. There seems to be zero effort on this frankly because the current 'leadership' does not have the skills to rebuild (or even build) a business. They are all (100%) operational and so all they know how to do is optimize what they already have - try to squeeze more juice out of the lemon. There is a limit to how much you can do that.
Just count for the past 5 years. How many executives have resigned under the leadershi/t of Mikey? We might be better off if H.C. Shin was the chosen one.
3M is not capable of changing course. 3M leadership will become a case study on how not to run an organization.