On a similar note, I don't understand why 3M isn't using voluntary early retirement incentives. I know this was discussed a month or two on this site, but it seems so bizarre that 3M wouldn't pursue this mechanism which would limit liability... — read more 

"There have been countless efficiency initiatives here, and little to show for it over the years,” JPMorgan analyst Steve Tusa wrote in research note. “This seems like more of the same.” Finally, an analyst who hasn't been drinking Mike and Monis... — read more 

I think we're done with layoffs for this week only. Friday is not the usual day for layoffs, so I think that anything further they have planned will most likely wait until Monday. This is my own speculation, though, based on my long history with... — read more 

Does anyone share actual layoff information on this site? I know layoffs must be actually happening and I'm coming to this site in hopes of learning some of the details, but all I see posted is everything except actual layoff information. If you... — read more 

I know it can happen if one is well connected. What are the chances this time around.

It is clear that the company would like us to leave without giving us packages. On the other hand, considering that looking for a new job while you have a job is always a better option than putting yourself in danger of looking for a job when you... — read more 

Another experiment doomed to fail?

In the mid 1990s, Desi spun off the data storage and related business as imation, which was a shell of the old 3M business in 10 years and is completely extinct today as 3M/imation never figured out the future of data storage, an area where 3M was... — read more 

Mike and Monish are the only 2 remaining 3M employees. The plants have been shuttered for a year, 3M's brand has gone the way of Sears/GE and most manufacturing assets have been sold to companies in Vietnam or the Philippines. Wonewok was purchased... — read more 

Is a lawyer needed to look at this if I am going to accept the severance? This looks to be very boilerplate and there was zero intrest in any negotiation. Has anyone been successful that has been laid off from 3M to improve the exit package, that... — read more 

I'm sick of them.

If we don't find out this week that we are laid off are we safe or is the bigger axe going to fall next week too?

Most vague layoff pass down I've heard. Literally 1 sentence of going lean with no details. Transparency is jokes. Apparently all the $hit management levels and worthless positions here wasting money are immune because we have growth in our plant... — read more 

Even with the minimal bump in stock price from the layoff news, most people must be in red to blood red performance. Thanks M&M boys!

any info on this? CEO Mike Roman and Executive Vice President Human Resources Zoe Di-kson will be visiting EMEA next week for a Dialogue Townhall Session at 3M Germany in Neuss on Wednesday, May 3, from 09:00 to 09:45 Central Europe Time

Never forget that the people losing their jobs have to go home to their family. This isn't a joke - these people aren't a statistic that boost your profits by $900 million. These are real people with real dreams and families. Your incompetence as a... — read more 

https://www.axios.com/local/twin-cities/2023/04/25/3m-layoffs-600-maplewood-minnesota How is it we get more info/transparency from a random news outlet than we get from leadership?!

Aren’t there a lot of R&D rooftops ous ? Good rationalization oppty once wwok is shut

Besides more cut

Knowing that a bunch of execs are at the conference and drinking heavily during "networking" time. They are likely reading these posts and commenting what ungrateful bstrds we are for posting here and feeling this way. Probably collectively... — read more 

Is it based on age? years of employment? education? level? salary?

Found this on the Ford layoff forum and thought people here would appreciate their message. Many similarities between what's going on here and Ford, although they don't have the lawsuits 3M has. https://www.thelayoff.com/t/1mjbqi93 I thought I'd... — read more 

Heard he was full of stories and excuses but always an interesting character. Hasn't EO already been slashed badly enough? Not sure what's left to cut. Any MBBs still around? Tireman, how's the scotch this evening. Planning on another podcast with... — read more 

3M revenue under various CEOs. The numbers indicate that both McNerney and Buckley were much superior. Not surprisingly, Roman brings up the rear. McNerney (2001 - 2005) 2001 - $16.1B 2005 - $21.2B Average growth rate - $1.28B/year Buckley (2005 -... — read more 

Copied from the published Q1 2023 Earnings Call transcript: Mike R: "We are reducing rooftops worldwide, including exiting our conference center in Northern Minnesota." I've personally been there 2-3 times for customer events and rewards trips. ... — read more 

Unfortunately, it wouldn't be a huge surprise if the number was much higher. What do you think?

Let's see what happens. Also upvote if you are rating positively, downvote if you are rating them negatively.

Heard a one hit wonder song today from world party called ship of fools (Save me from tomorrow). You can add the Board to the ship and the business acumen would go down even further. Good luck to all, save us from tomorrow!

I am wonder when affected people will be notified, if they haven’t been already. What is the time line? Also how were you notified? Email? Meeting? Snail mail?

Can we stop with the constant townhalls with the same slides and no answers ! Who has had a mtg or conversation that actually had answers ?

MR mentioned that senior management jobs will be cut. I am calling bull...on that statement. It has never been done in the last 20 years and will not be implemented now. Top management jobs are always safe, come what may. 3M intranet announcement... — read more 

Leaving employees in this much uncertainty is a terrible way of managing layoffs. What do they expect? That we will be productive and focused on work while we are wondering if we will soon be out of a job?

While the leadership changes announcement make it sound like Mike Vale is being positioned to take over the reigns after Mike Roman is asked to retire, I believe the BoD will choose an external leader to run the company. The last two... — read more 

I don't trust our leadership at all. Therefore, I do not believe that the target will be those who are incompetent and do not add any value, but precisely those whom the company should not lose. The selection of targets is always problematic here... — read more 

With applause, smile, and jokes. Like a celebration.