Judging by the structure of employees affected by these layoffs, one comes to a conclusion that this company no longer needs research and innovation. It is a clear sign that we are on a steep downward trajectory and that it can only get worse here... — read more
What is happening?!?
What's your estimate? When will cuts begin...
Looks like it is time for that annual lay off and re org. Heard of small pockets being laid off this week and then the announcement of TTS this morning. Good luck to those affected by these lay offs. Those who are laid off and those left to do the... — read more
Since I finally accepted that breaking my back for the company would bring me nothing, it has been very freeing. Now I make sure to do just enough work not to put my job in jeopardy and pick up my paycheck. No expectations, no resentment. I do my... — read more
https://www.fool.com/investing/2022/01/08/why-shares-in-3m-rose-only-16-in-2021/?source=eptcnnlnk0000002&utm_source=cnnmoney&utm_medium=feed&utm_campaign=article What happened Shares of industrial giant 3M (NYSE:MMM) rose a paltry 1.6%... — read more
Moved to sell equivalent - Target 166. This would imply deeper cuts coming. Read report to see analyst reasoning.
https://youtu.be/c20_S-QgvsA, interesting talking about the life cycle of companies .. Rate where the Company is ?
CRD just announced a voluntary layoff, with the implied threat of involuntary soon if not enough people signed up. Does anyone know groups/number of people impacted?
Hoping to be included in the next round of layoffs. Was there a common structure in prior rounds? How many months of salary did people usually get? I assume it was tied to years of service etc? Do people keep unvested stock?
Hello - I am an engineer, working in another state for another company. I have an offer from Honeywell, but I am afraid about one key aspect only... Is their enough (reasonable) job security at 3M? Is it reasonable to assume that I can easily stay... — read more
Quietly slipped out door…
3M should hire more Technicians and less Managers, Directors and VP'S. The labs are like ghost towns!
Just calculated my 3M salary increase over last 10 years. Even with one promotion and twice getting a 4+% raise, the net increase in my yearly salary after adjusting inflation is only a little over 10K. Now after deducting the increased medical... — read more
I don't know if it's a smart decision, but I know that most of my colleagues are still here because they hope to be on the list soon and get paid to leave. On the other hand, I would gladly accept a lower-paid job just to leave as soon as possible... — read more
It's got too much, Christmas will come and go and then it will be 4500 layoffs from Jan to October 2022, the pressures have broken supply chains and raw material prices have made profits recede so much some business's are making losses, Q4 2021... — read more
Other than the ever-present threat of more layoffs, I like working here. Pay is good, the work is engaging and my coworkers are all nice folks. That's why it's confusing to me that somebody would be willing to take a 20 percent pay cut just to walk... — read more
Another member of the COC resigning was announced today. Multiple VPs and SVPs have resigned in December. From the trenches it looks like the rate of executives fleeing increases. Anyone taking bets on how long Mike lasts before he is forced out? — read more
https://www.bloomberg.com/opinion/articles/2021-12-03/industrial-strength-3m-is-adrift-and-there-s-no-easy-solution-kwqs6fq3?sref=jJ5dcbrU A few highlights: The stock is one of the worst performers in the industrial sector. It’s time for a new... — read more
While there were rumors last year, now 3M is spinning off its Food Safety Business: https://news.3m.com/NEOGEN-to-Combine-3M-Food-Safety-Business-With-its-Existing-Operations-Creating-a-Global-Industry-Leader
Inflation is clearly > 6.0%. Have you heard anything about our regular compensation adjustment that's coming up in April? Can we expect that 3M will keep up with inflation? I would be very disappointed if it is just another 2%...
will its respirators sales continue to survive?
Does HIS operate this way often? Waves of layoff and crazy amount of néw highers. It makes the division seem unstable
I wonder if my fellow colleagues can help with a few words of advice during these unprecedented times. I am a mid level manager and I am used to sucking up to my boss / bosses. It is a common practice and many of my fellow brethren are quite good... — read more
Thoughts? Any 3M layoffs? Any chatter, news or rumors?
Q3 results were mildly better than expected but books were cooked to keep shareholders happy and give new management a few more months to make changes to running the corporate advance model. The new signings from GE and other top brass who are well... — read more
Now that vax mandate is formally in place, what might be the repurcussions? Any idea how many people will leave because of the mandate in place in MN.
Leadership succession crisis?!?
I used to think 3M stood for “meetings, meetings, meetings” but now it’s “mo--ns, mo--ns, mo--ns”. This company has no direction, no leadership, no vision. Constant leadership shuffle. Truly definition of insanity— doing things the same way and... — read more
Again ? More EVP leaving.
So, 3M stock has been hovering in the $175 -180 region for a while now. Q3 results will be declared in about 10 days. Going by recent presentations given at investor meetings, it looks like supply chain issues and inflation will cause a big dent in... — read more
More compensations coming up
As for this company, it seems to me that the leadership does not think much about the business impact of people leaving in droves. I am interested in how it will affect my work while I am here. Is there anyone for whom attrition already affects their... — read more
Another new initiative. Any thoughts if it can retain good people?
3M under fire in Belgium over company's handling of PFAS pollution https://www.startribune.com/3m-under-fire-in-belgium-over-company-s-handling-of-pfas-pollution/600097157/ Please watch the video in the link...should go viral soon. 3M executives... — read more
Would you do your best again during the worst period of a pandemic if you knew you would be rewarded with a 1% pay increase? I see it as a slap in the face for all hard workers.
there's none. since i joined this place my life has evaporated in favor of work. it's ridiculous. 3m should come with a warning - people with families need not apply. at least if they want to keep those families. why is nobody talking about this? is... — read more
I have just run into this website and reading all the recent posts about 3M and other competitors including Dow, DuPont etc. Man, I gotta say that it is kind of scary as a person looking for employment in one of these top-level materials science... — read more