Any speculation on what this will be?
Are any other BU having these?
16 replies (most recent on top)
250 people laid off this week with some told today on Natl Employee Appreciation Day. https://www.nationaldaycalendar.com/national-day/national-employee-appreciation-day-first-friday-in-march
Top management has ki-led our moral, our desire to make this company better, ruined our stock value, and made too many empty promises (SAP anyone). Time for a top management restructure.
What a horrible delivery by CG and JL. Robotic and yet they couldn’t even read the teleprompter correctly. They should bet some advice from Biden!
What time is it planned for?
Discipline on FTE? If global headcount doesn’t go down by the same rate as cuts, it means they are rehiring elsewhere (cheaper) for SG&A cuts. This means good people that know stuff, do things, and are close to the products and customers have their lives changed for a metric to help keep ‘leadership’ in their roles. Real FTE discipline is targeting those who don’t add value to a product, process, customer, etc. 3M does not target to that level, and they get what they pay for. Replace knowledge and skill with cheap and the company loses its ability to analyze and execute (see the last 5-10 years for examples. As usual, 3M will simply cut the productive and ensure further decline and future cuts. Leadership is (perhaps intentionally) cutting 3M out of existence
Good to see some discipline on fTE
Shoutout to all the people who thought it wasnt layoffs. This is 3m. Its always layoffs
When I joined 3M, stock is 190$, today the stock price is 90$, and all the leaders above my reporting chain remains the same but half of my colleagues has left.
There's automation in our plant this year. We make safety sh-t. I'm sure they'll downsize more production jobs. 3M needs to reduce management positions imo. There's too many layers and most are incompetent. I assume that's the eom panic again.
Any mention of groups or regions impacted or timing? This company seems to like to announce cuts, then string people along as long as possible. Sorry for those impacted.
Cutting to the bone
250 more layoffs for SIBG this year "to help meet customer expectations better"
Please confirm what it was, if possible, afterwards- curious if an SIBG thing or if SIBG is just first to announce something with broader impacts
My money is on leadership change.
A name for remain co ? Just an idea but doesn’t seem worthy of a call . Maybe a yammer post
Must be a big announcement since the meeting is impromptu an only 15 minutes long.