Thread regarding 3M layoffs

• 3M recently reported earnings, leading to a 12% stock decline. We’re surprised the stock is not in the mid 80’s.
• Ongoing litigation, no it’s not even close to complete.
• We have faced challenges for the past six years without showing a successful turnaround. We want to continue our high executive compensation.
• Brace for more layoffs. We need some sources of liquidity. We don’t need to win back employees. We simply don’t care. Just listen, smile, nod, and then clap. This is winning forward.
• The compensation structure incentivizes short-term gains at the expense of long-term value creation. Short term future is very bright.
• No credibility exists regarding our ability to address issues and turn around. Turnaround is not the goal. Surprise!
• Dividend cut coming. This pushes bankruptcy out.
• Culture has never been worse and every quarter is weaker and more toxic.
• Welcome to the new 3M. We have purpose. M&M that is.