https://www.reuters.com/article/us-3m-results/3m-to-cut-2000-jobs-globally-lowers-2019-profit-outlook-idUSKCN1S11EI
4 replies (most recent on top)
Lousy CEO and the incumbent leadership team
So, 2000 supposed to be culled and now with the new acquisition of Wound Care Specialist Acelity, 5000 new employees have to be accommodated. Interesting times.
Here is some perspective from the financial world :-
https://www.fool.com/investing/2019/05/03/3m-applies-a-band-aid-after-a-difficult-first-quar.aspx
3M Applies Band-Aid to Business With Its Biggest Deal Ever, Buying Wound Care Specialist Acelity
There is always something, always...
This time, 2000 employee positions will be eliminated
https://www.massdevice.com/3m-takes-double-digit-hi-on-q1-miss-plans-2000-layoffs/
Same old story, upper level management screws up big time, now common employees have to pay a big price