Once Ops finishes layoffs, next round will be in the business groups again in 1Q 2023. Plan targets indicate 10% overall headcount reduction with targets direct from Monish and Chinmay. Not enough blood shed in September, so going back for more.
Psd segment
Whos ready for real talk? More like pipe dreams about segment marketing. Has anything valuable at all come from this?
CLOWN🤡 TOWN
Please share your layoff stories!
Layoff announcement soon,
3000 global employees
Rose colored glasses
I’ve actually grown annoyed with the individuals who are still at 3M. Some still believe they are the top talent and that’s why they kept their jobs. Being part of the nepotism crowd gets you no where when you finally land on your bu-t outside of 3M... — read more
Dec senior leadership movements
Just saw the announcement. So many senior leaders are either retiring OR leaving the organisation. Looks like the rot is starting from the top.
can't wait for Christmas Bonus
sorry , i didn't finish the sentence, it was , can't wait for Christmas Bonus to resume under wee Pete. He has to start it up again and give something to production workers, surely when they stopped service dinners, christmas dinners and incentives... — read more
Top 50 most admired companies for HR
Wonder how much it cost to be in the top 50
Exciting leadership conference!
What will happen at Leadership Conference? Will it be exciting? Bold? Decisive? Will we be winning?
Who is the worst 3M CEO of all time and why?
3M's CEOs have included: Cross (1966–1970), Heltzer (1970–1975), Herzog (1975–1979), Lehr (1979–1986), Jacobson (1986–1991), DeSimone (1991–2001), McNerney (2001–2005), Robert S. Morrison (2005, interim), Buckley (2005–2012), Thulin... — read more
Exploiting Work your way
If Tireman or his secret agents is reading this, please stop Work your way program especially in the plants and regional teams. People are exploiting it and we can see many claiming work from home but resting. Let's be fair to the direct production... — read more
3M Earplug Lawsuit Update, Thu Dec 1
Thursday, December 1, 2022 Ever since 3M had its subsidiary, Aearo Technologies, file bankruptcy, the proceedings in the 3M earplugs class action MDL have been frozen by an automatic stay. Recently, however, a group of earplug plaintiffs filed a... — read more
Layoff affect in BGs
Are all BGs affected by layoffs? I see BGs has VPs then just Directors under them. That’s it. Is this always the same or entire teams under directors have been laid off?
Another voice of employee survey??
Just saw zoe d.i.c.k.s.o.n mail on the results of voice of employees survey. Full of c.r.a.p Apparently didn't get the answers they wanted to hear. So yet more surveys coming???
Raise timing and amount
First year at 3M, what a time to join! That being said, when is usual raise timing? And what are odds that raises are half of inflation this year?
shares
shares are going south today
3M Layoffs 2023
What are your thoughts about potential 3M layoffs? Any chatter, news or rumors?
3M Earplug Lawsuit News
November 24, 2022 Update: 3M subsidiary Aearo Technologies was recently granted an extension of the deadline to file its appeal brief in the 7th Circuit. The appeal challenges the decision of the bankruptcy court in Indiana which derailed 3M’s... — read more
Go Woke and Go Broke
"Spell the BEANS: Food on the table" - who creates this nonsense. Your internal ,for now, social credit score is being implemented at MMM.
why is Mm coming up short on pay
why is mining 3 not raising its pay to pay employees the market rate, been with the company for over 10 years and corporate policy is changing for the worse, we are doing things the wrong way a lot more now and good folks are leaving and being... — read more
Leaving before the end of the year
I've finally managed to get a nice offer and if things go as planned, I'll start the new year with a new job. I didn't always dislike my job at 3M, but the company has shifted its priorities drastically recently and I don't like what we've turned... — read more
Severance TV show
34 yr retired 3M - was on Exec conf for over 10 yrs, led many divisions in different businesses. Watched Severance on Apple TV...reminded me some of 3M. Trying to isolate employees, pretending to be force for good when really pretty bad ethically... — read more
3M Company Stock Still Overvalued
Nov. 22, 2022 2:09 AM ET By Bela Lakos Summary While 3M has lost about 29% of its market value year-to-date, we still believe that the company's stock is overvalued. The macroeconomic headwinds, the potential costs related to legal claims and the... — read more
Litigation And Economic Cycles Dominate The 3M Discussion, But There Are Longer-Term Growth Issues To Consider
Nov. 21, 2022 1:38 PM ET By Stephen Simpson Summary 3M posted poor results for the third quarter, even relative to low expectations, as the company showed below-average pricing leverage and weak volumes. Guidance reinforces 3M's weak leverage... — read more
Wee Pete calling the shots now
Wee Pete (aka TireMan ) is calling the shots now, MR and his team are moving sideways into the Healthcare where profits and more importantly , shareprices will be nice for his big payoff in a few years, $127 not going to cut it for MR, will start... — read more
Missed this one… Why is MR called Tire Man on this site?
Must have missed something in a prior post Or is it someone else? Asking for a friend. :)
Stop the whining and get back to work!
From an LG15+ employee, you are wasting your lives by complaining as if you are working as plebes in Qatar when you are in fact among the best paid and well treated employees in the world. Pi-s poor behaviour. It's easy to spot your type at work as... — read more
Salaries
Does 3M actually pay people in different countries drastically differently? If you are a sr manager in emea or lat am, do you make less than a sr manager in the us? Then if you get sent to the us do you get a huge raise? So if youre a 14 in mexico... — read more
COBRA questions
I was laid off and now my prescriptions are sky high. How do I sign up for Cobra? Also, do I sign up for Cobra until I find another job and end it then? Or is there a better option for me? Any advice or direction to the right person to talk to?
Concerned about Ethics and Culture at 3M?
There is a lot of news about Diversity and Inclusion and, at the same time, about layoffs and lawsuits. The military earplugs didn't work and permanently injured many of our veterans. The "forever chemicals" pollute drinking water and invade people's... — read more
Why is 3M not getting rid of it's flurochemical business
Why is 3M not getting rid of it's existing flurochemical business. It continues to pay millions of dollars in fines, e.g. state of MN in 2018 and recently in Belgium and the state of AL in 2022 for issues related to PFAS. It will continue to... — read more
3M Announces Upcoming Investor Event - Nov. 30
ST. PAUL, Minn., Nov. 17, 2022 -- 3M (NYSE: MMM) today announced the following investor event: Credit Suisse 10th Annual Global Industrials Conference on Wednesday, Nov. 30, 2022. Mike Roman, chairman and chief executive officer, will speak at 9:30... — read more
Do any 3M executives read this site?
If so, what do you think of the commentary here?
How can our CEO receive a 40% pay increase since 2021, while entire teams are being cut in the US and sent to the GSC?
Answer: Roman and his consigliere Patolawala are self-serving, retrograde, criminals who DO NOT care about anyone but themselves. Why did Roman get a pay raise? Papa needs a new yacht. 🛥
Q4 EO townhall
Here are the top "liked" Q&A from the audience. Not sure if they are answered though.
"Exciting" times, huh
So whenever Mike and his crooks say their BS tagline "This is an exciting time for 3M" , "I am very excited for this change" blah blah, what they really mean is "h3ll yeah time for another layoff!". These guys are so insensitive and no empathy at... — read more
3M viewed as potential activist target after 13F filing (update)
3M (NYSE:MMM) may be the target of an activist investor following a 13F filing from Morgan Stanley. https://seekingalpha.com/news/3908648-3m-viewed-as-potential-activist-target-after-13f-filing