Has anyone else noticed a significant ramp up in security presence on the maplewood campus or is it just me? Woulda been nice to have this much security when all the catalytic converters were getting stolen. Has there been a ramp up of security... — read more
Any Word on SIBG or TEBG LVS?
I heard on here a couple days back that CBG LVS got obliterated sometime last week... Any news on if/when SIBG and TEBG will feel the Petey Tyrant's wrath?
Do you think the board reads this thread?
I hope they do because I am one of the laid off people who is one of the top producers on my team. The people who are left have been sending me their résumé, asking me to look at it. I have my own cr-p to worry about, but the people who weren’t laid... — read more
Eric Hammes dumped large chunk of stock at $105/share
But Why no executives buying large chunks of stock?
Layoff. And then what?
there's no plan at all. Will see same thing next quarter, after quarter,.........
Use LinkedIn for good
I am very impressed how many current and past 3M Employees are rallying to help each other find other jobs. Awesome to see people come together as these are good people impacted by terrible 3M leaders. Keep it up! Now for all you other pathetic... — read more
What’s up Hutchinson
Any word on what’s happening in Hutchinson. Heard layoffs were coming but haven’t gotten any details.
So what are the new divisions?
So TSSD merged with CSD. What's the new division name? And did EMSD merge with DMSD? If yes, what's the new division called? Any other new division other than Industrial Specialty Division? And in the combined division, which division president... — read more
Enterprise Operations- what is really left to cut from budget?
Of course, Peter Gibbons (aka Tireman, Wee Pete) is costing a few million with all his perks. And at least 10 million, probably more, is being wasted annually on clueless Kearney consultants. From what I heard, most of the MBBs got pink slipped... — read more
Bad times
I definitely intend to leave because it is pretty clear that the leadership is literally destroying this company. The atmosphere is terrible and I wonder if in the past there were more difficult periods here than now? Those who have been here... — read more
Did anyone read the earning call transcript and analyst questions?
Just when I thought the M&M boys couldn't outdumb D-mb And D-mber, the call was hilariously if you want to listen to the sound of deer in the headlights. Asked about why this restructuring is different, Mike and monish mention "priorities" and... — read more
How will 3M make up the lost revenue with so many divestitures?????
3M has been divesting her assets (not even counting rooftops they have sold) in the last 4 years . Divestitures accelerated after Monish came onboard. What is the company doing with all the cash it acquired??? More importantly, how will 3M make up... — read more
It'll turn out fine
When I got laid off, it turned out to be a blessing in disguise! I no longer had to deal with toxic colleagues, or an executive leadership team that just couldn't get their act together. And please, don't even get me started on HR! But you know what?... — read more
They keep lying
They keep lying to us in meetings. Didn't talk about any substance of layoffs. No details. Hardly said a word. Now they bring up correlation between upcoming automation and the recent bad news but have the audacity to say our jobs are safe for next... — read more
Can 3M use the restructuring charge to deleverage debt?
Restructuring charge for debt deleveraging? Or is it Blockrock that’s repurchasing our debt and gaining more equity? Also, with this new A3M/Not A3M alignment is seems like it’s positioning certain business parts for sale, am I right?
Reducing severance
How much is severance? Is it true that it is less than previous layoffs?
What becomes of Maplewood itself?
With 3M cutting a lot of jobs at the site, what's going to happen to the city itself? Back in the 80s, it was considered a decent place to work and live. Then people started moving to Woodbury for more upscale living. Wonder what tax hit this... — read more
9.6 million US job openings
The unemployment rate is expected to blip up to 3.6% in April, a couple of notches above January's half-century low 3.4% “Roman’s My Way” And now, the end is near 3M faces the final curtain My friend, I'll say it clear I'll state my case, of which... — read more
Mike's Around the World Non-Apology Tour 2023
Alternatively titled the 'Fails Tour'. While us minions await our severances. That fool Roman has been getting jet time in. His tour so far: St. Paul to Tokyo (fuel stop in Anchorage) - Tokyo to Seoul - Seoul to Europe (fuel stop in... — read more
How are we viewed in the market?
It is comforting to hear people say that in general we have a reputation as good and quality workers on the job market, and I hope that is true.
1100 @ the center
https://www.fox9.com/news/3m-lays-off-1100-people-at-maplewood-headquarters
260,000 earplug claimants
3M has lost 10 of 16 of the ear plug cases, with the average claimant being awarded $26 million thus far. It is estimated that the remaining 260,000 claims will be settled for between $40k and $500k. So on the low end the company will be paying out... — read more
6,000 layoffs
From what I've seen 3M is laying off sales force, talent acquisition, and some business transformation roles. So is the plan to stop selling product, stop hiring/recruiting students, and pause BT for the rest of the manufacturing plants who haven't... — read more
PFAS product list
For those who are left on the 3M Titanic, take a good hard look at the PFAS product list that was posted/buried on the 3M website in December. You can’t search it (that’s intentional no doubt) but odds are that among the 15,000 products affected... — read more
Asia GCA townhall now with CEO
Any exciting observations?
What is former GE reject/3M destroyer James McNerney doing these days
Hard to believe that a nearly 100 year company that had a rich history, sterling reputation, and was considered THE PLACE to work in the Twin cities was irreversibly damaged by ONE BAD HIRE, mcnerney. December 2000 will go down in history when 3M... — read more
Has anyone heard anything about Global Lean Value Stream Layoffs
I just received an ‘all clear’ from one of the divisons labs that all USAC employees had been notified (I assume within the division), but my group was told we may have to wait thru Peter’s Town Hall before we learn anything. I could see The Tireman... — read more
RTUs
If you have not, everyone should have sold all of their RTUs by now . This stock is about to barrel down past $100 and never come back.
Let's stop for a minute and review certain approaches. Ask yourselves these questions:
What entities really own the biggest corporations in the world? Do I really make any difference or is it just a theatre? Where are the boundaries of my commitment and trust? Do whatever you want to me, because I am deeply in debt, I will comply and... — read more
For those staying on the sinking ship
Everyone should most definitely have a base, updated version of your resume. Bonus would be to have a few different versions that shift a bit based on type of role you apply for. Everyone should have a 3 month emergency fund that is super liquid... — read more
They created such a culture
It's sad to watch those at the top leading this place straight to the bottom. I don't think they realize that they have created a culture in which most of the employees are milking this company while they look for new opportunities outside. What... — read more
For those who are still on GESPP
I hope you have stopped all GESPP contributions and ride out the 1 year holding period to sell everything on hand. This counter is going downhill after the divorce. Good luck
ISD=IMT
Industrial Specialties Division = Island of Misfit Toys. Holding spot where abandoned 3M businesses go to die. I hope Rudolph and Hermey the Dentist can arrive in time to save them (apologies to those who don’t recognize this reference from Rudolph... — read more
Cut sales force to improve sales?
What is the logistics?
Anybody who is not looking for a Job seriously now ...
is a fool. Even if you have survived this round of cuts, it will be hard to survive the next rounds coming later this year and for surely in 2024, 2025, 2026... If you are shocked that 3M has announced mass layoffs twice this year already, by... — read more
Production
How many production workers will be affected
Massive hits to US SIBG today
Here to say that some of the best of the best were let go today. All different ages and experience levels - S5’s, super achievers, key account account leads. Estimating a 30% reduction in the field, if not more. They’re more then just colleagues... — read more
It's Happy Hour time in Maplewood!
Very sad for those who did or will lose their jobs during this mass insanity (again). However, since the weekend is underway, anyone want to share a favorite memory and perhaps timeframe from Tartan or 3M Club or even wonewok if you got to... — read more
Fusion of CSD and TSD - thoughts ?
What does it mean for the strategy of the new division ? Shall we expect the majority of layoffs within TSD ?