Rumors are M and M will be axed by end of Q2 and indicted on charges of fraud. Details coming soon

With the following financial results as a backdrop, more layoffs are inevitable. 3M stock, which hit a new 52-week low Wednesday (March 15, 2023), is one of the worst-performing industrial stocks this year, down more than 16% in 2023, versus the XLI... — read more 

Rumor is announcement will come tomorrow for additional layoffs for HCGB. The M&M solution is to lay people off rather than come up with actual solutions to fix the disaster they caused. Ridiculous

‘[O]n Combat Arms, we don’t believe we have done anything wrong, or Aearo hasn’t done anything wrong.’ 3M Chief Financial Officer Monish Patolawala

And falling. ✅Winning

Per UBS Analyst, 3M faces a total liability of $15 billion from the Combat Arms litigation, but his estimate is for a liability of about $7 billion. That compares with 3M’s settlement offer of $1 billion. Yikes! Buckle up folks

Internal chatters that CBG will be spun off from remain co as well

When 3M stock falls under $100, ask every manager/leader if they are "winning" at every appropriate opportunity. Bonus points if you can fit in that "you are seeking to understand why" and triple points if you ask them what is being done to "action... — read more 

Many premium products are expected to experience a significant decrease in sales volume due to the recent price increases. Some of our major buyers have expressed their reluctance to accept these higher prices, which will inevitably affect our... — read more 

This means so much - NOT What’s ethical about 3M these days

Pick a date when it goes below $100.

looks like 45 and 90 day consultations will be announced in the coming weeks, finalizing numbers and which plants are doing poorly, Looking at the numbers from all UK plants , something does not look right , they are all underperforming badly, sign... — read more 

Looks like in another cost cutting move, 3M has made a global decision to take away fleet vehicles from individuals who do not meet a certain mileage criteria. What’s next, more layoffs in April?

Are they worth it?????

If you invest 10,000 in GE the day he leave, you have 19,000 today. If you invest 10,000 in 3M the day he come here, you have only 6700 left over. Is this winning play books working?

Why doesn't 3M do this instead of cutting a bunch of jobs? Rumors of restructuring planning going on right now for 3M parent... — read more 

They sent employees from menomenie to rw plant for a few months.

Entire MDM department was laid off today in GSC Poland

been with 3M for 14 years and it looks like the end is in sight, i have enjoyed my time and am thankful for meeting life long friends. it is truly a shame that the management at the very top have been poor and multiple decisions have been shocking , — read more 

Does anyone else find it incredibly ironic and insulting that the organization put a ton of money behind a documentary about the critical importance of skilled workers and the week it premiered at Sundance Film Festival they announced they were... — read more 

Is it down to individual discretion regarding how much severance pay you get? I’ve seen comments where some have received 1.5 weeks pay for every year they’ve been at 3M (up to 20 years) whilst others 3-4 weeks ….. Surely there’s a policy to follow ... — read more 

I'm considering quitting, or getting laid off, or fired,at some point this year. I can tell something is up and my boss is not being transparent. I'm in my early 40s and do have the Pension part 2 I believe. I see a lot of people saying to take... — read more 

https://investors.3m.com/news/news-details/2023/Department-of-Defense-Data-Reveals-No-Hearing-Loss-Among-Vast-Majority-of-Plaintiffs-in-Combat-Arms-Earplug-Litigation/default.aspx

A huge failure….why is it still going?

Are other US organisations like this???

Any word if the standard 2% cost of living has been confirmed?

Now is the time!

The situation in which the company is right now is 100% self-inflicted. This is not the fault of the economy, pandemic, or whatever other convenient reason is available at the moment. What happened are indiscriminate layoffs. Many layoffs and the... — read more 

As plant layoffs start to pick up more speed, and St. Paul based groups are next on the list, it seems like an inordinate number of >55yr old employees are wishing to be on "the list". Yet inexplicably, 3M does not seem to be pursuing this route at... — read more 

Cordova layoff 40 hourly. With more salary next week

The layoffs are never-ending. There really is no beginning and end. It’s part of the M&M playbook in good times and bad. Probably 8 -10K in announced cuts since 2019. Can’t figure out a structure or how to grow, so cut the way to prosperity. This... — read more 

20-30 Salaried folks at CG are being laid off today

The culture at 3M has evolved to the point where employees can no longer tell the truth or confront reality without fear of retribution. Any point of view that does not conform with high level messaging is discounted and ignored and the messenger is... — read more 

Hah, the day the Executives take any responsibility or pay cuts at 3M is the day that hades freezes over. WE are all just surfs and peons, we always take the cuts, never any cuts in upper management or COC. They will waste more money on consultants... — read more 

Not a good sign. All the reconstructions don't help at all

I recommend that everyone read the linked article at the bottom of my rant. In the last several years, I have seen many good projects be turned down because the CapEx budget wouldn't allow it, yet we as a company have continued to spend billions... — read more 

Take a quick listen to a former investor on why he exited his 3M investment in 2019. Commentary starts at 10:43 & lasts about 2 minutes (link should go to 10:43 mark). https://youtu.be/PZy9-4Z_4i8?t=643 Systemic problems with 3M are absolutely... — read more